{"id":121941,"date":"2021-09-10T13:34:04","date_gmt":"2021-09-10T06:34:04","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ping-an-insurance-becomes-top-holder-of-cash-strapped-china-fortune-land-raising-survival-hopes\/"},"modified":"2021-09-10T15:05:52","modified_gmt":"2021-09-10T08:05:52","slug":"ping-an-insurance-becomes-top-holder-of-cash-strapped-china-fortune-land-raising-survival-hopes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ping-an-insurance-becomes-top-holder-of-cash-strapped-china-fortune-land-raising-survival-hopes\/","title":{"rendered":"Ping An Insurance becomes top holder of cash-strapped China Fortune Land, raising survival hopes"},"content":{"rendered":"


\nPing An Insurance (Group), China\u2019s largest insurer by market value, has become the largest shareholder of China Fortune Land Development, raising hopes the developer will survive its liquidity crisis following a debt default.The group overtook China Holdings as the single largest holder of the cash-strapped developer after the latter trimmed its ownership to 24.92 per cent from 25.82 per cent in a debt restructuring exercise, according to a Shanghai Stock Exchange filing late Thursday. The Ping\u2026
\n
\nSource : South China Morning Post
\nRead more…Ping An Insurance becomes top holder of cash-strapped China Fortune Land, raising survival hopes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ping An Insurance (Group), China\u2019s largest insurer by market value, has become the largest shareholder...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121941","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vIN","jetpack-related-posts":[{"id":119608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-agile-sells-stakes-worth-us1-08-billion-in-seven-chinese-property-projects-to-ping-an-to-raise-cash-needed-to-dodge-new-borrowing-restrictions\/","url_meta":{"origin":121941,"position":0},"title":"Developer Agile sells stakes worth US$1.08 billion in seven Chinese property projects to Ping An to raise cash needed to dodge new borrowing restrictions","date":"December 25, 2020","format":false,"excerpt":"\r Chinese property developer Agile Group Holdings is selling stakes worth 7.05 billion yuan (US$1.08 billion) in seven property projects to Ping An Insurance Group, a move that should bring it much needed cash before a regulatory hurdle for borrowing takes effect and allow Ping An to deepen its footprint\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-strapped-developer-goldin-seeks-to-raise-another-hk8-7-billion-in-loans-and-sell-kai-tak-site-to-pay-piling-debts\/","url_meta":{"origin":121941,"position":1},"title":"Cash-strapped developer Goldin seeks to raise another HK$8.7 billion in loans and sell Kai Tak site to pay piling debts","date":"July 16, 2020","format":false,"excerpt":"\r Goldin Financial Holdings, which staged a spectacular U-turn in 2018 from buying Hong Kong\u2019s most expensive waterfront land, said it is actively looking for capital to repay a growing pile of debt, as its stock lost nearly 70 per cent in value since October.The company, controlled by billionaire Pan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118885,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-strapped-developer-goldin-to-raise-us178-million-through-share-sale-for-debt-repayment-working-capital\/","url_meta":{"origin":121941,"position":2},"title":"Cash-strapped developer Goldin to raise US$178 million through share sale for debt repayment, working capital","date":"October 11, 2020","format":false,"excerpt":"\r Cash-strapped Hong Kong property developer Goldin Financial Holdings plans to raise HK$1.38 billion (US$178 million) in net proceeds from a share sale to at least six investors, the company said in a filing to the local stock exchange on Sunday.The company, which is controlled by billionaire Pan Sutong, plans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ping-an-shares-fall-on-fears-of-china-evergrande-contagion\/","url_meta":{"origin":121941,"position":3},"title":"Ping An shares fall on fears of China Evergrande contagion","date":"September 17, 2021","format":false,"excerpt":"\r Insurer reassures investors it has no exposure to debt-wracked developer\r \r Source : ft.com\r Read more...Ping An shares fall on fears of China Evergrande contagion","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115953,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-kwok-family-sell-30-per-cent-stake-in-office-space-at-hong-kongs-most-expensive-commercial-site-to-ping-an-life-for-us1-45-billion\/","url_meta":{"origin":121941,"position":4},"title":"Sun Hung Kai, Kwok family sell 30 per cent stake in office space at Hong Kong\u2019s most expensive commercial site to Ping An Life for US$1.45 billion","date":"April 29, 2020","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP) and its controlling shareholder, the Kwok family, are to sell 30 per cent of the office portion of Hong Kong\u2019s most expensive commercial project.\r\rPing An Life Insurance will buy the space on top of the West Kowloon high-speed rail station for HK$11.27 billion (US$1.45\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120774,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/insurer-ping-an-to-acquire-stakes-in-six-raffles-city-properties-from-singapores-capitaland-in-deal-worth-up-to-us5-1-billion\/","url_meta":{"origin":121941,"position":5},"title":"Insurer Ping An to acquire stakes in six Raffles City properties from Singapore\u2019s CapitaLand in deal worth up to US$5.1 billion","date":"June 30, 2021","format":false,"excerpt":"\r Ping An Insurance (Group), China\u2019s largest insurer by market capitalisation, plans to acquire stakes in six Raffles City retail and office developments in China from Singapore\u2019s CapitaLand for up to 33 billion yuan (US$5.1 billion).Ping An Life Insurance Company of China, a unit of Ping An, said it will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121941"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=121941"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121941\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}