{"id":147108,"date":"2024-09-19T15:00:14","date_gmt":"2024-09-19T08:00:14","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-court-orders-developer-sre-to-sell-majority-stake-in-shanghai-venture-to-repay-loans\/"},"modified":"2024-09-19T18:59:40","modified_gmt":"2024-09-19T11:59:40","slug":"china-court-orders-developer-sre-to-sell-majority-stake-in-shanghai-venture-to-repay-loans","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-court-orders-developer-sre-to-sell-majority-stake-in-shanghai-venture-to-repay-loans\/","title":{"rendered":"China court orders developer SRE to sell majority stake in Shanghai venture to repay loans"},"content":{"rendered":"


\nThe action comes after units of SRE failed to pay 4.45 billion yuan (US$627 million) in debts, the company said in a Hong Kong filing.
\n
\nSource : South China Morning Post
\nRead more…China court orders developer SRE to sell majority stake in Shanghai venture to repay loans<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The action comes after units of SRE failed to pay 4.45 billion yuan (US$627 million)...<\/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-147108","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-CgI","jetpack-related-posts":[{"id":114411,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chairman-and-director-of-minshengs-sre-group-unit-are-detained-by-shanghai-police-on-embezzlement-charges\/","url_meta":{"origin":147108,"position":0},"title":"Chairman and director of Minsheng\u2019s SRE Group unit are detained by Shanghai police on embezzlement charges","date":"February 21, 2020","format":false,"excerpt":"\r The chairman and the executive director of a real estate unit owned by China\u2019s largest privately owned financial services group are being detained by Shanghai police on embezzlement charges.\rPeng Xinkuang, the chairman and former chief executive of SRE Group Limited, has been approved for arrest under the embezzlement charge,\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":147108,"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":74944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shui-on-sells-prime-shanghai-property-projects-to-china-life-for-4-billion-yuan\/","url_meta":{"origin":147108,"position":2},"title":"Shui On sells prime Shanghai property projects to China Life for 4 billion yuan","date":"December 20, 2017","format":false,"excerpt":"\r Shui On Land has struck a deal to sell almost half its stake in a portfolio of prime Shanghai property projects to China Life Insurance for 4.16 billion yuan (US$630 million), its latest move to pursue an \u201casset-light strategy\u201d. The sale is expected to generate a gain of 1.2\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/recovering-confidence-china-property-developer-buys-two-sites-in-beijing-shanghai-for-us1-8-billion\/","url_meta":{"origin":147108,"position":3},"title":"\u2018Recovering confidence\u2019: China property developer buys two sites in Beijing, Shanghai for US$1.8 billion","date":"January 21, 2019","format":false,"excerpt":"\r Sunac China Holdings, one of the country\u2019s biggest property developers, has bought two sites in Beijing and Shanghai worth 12.5 billion yuan (US$1.83 billion), it said on Monday. Sunac Real Estate, a subsidiary, has acquired a 100 per cent stake in Oceanwide Construction Holdings, a property unit of Shenzhen-listed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81109,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-takes-stake-in-venture-to-gain-foothold-in-shanghais-rising-commercial-district\/","url_meta":{"origin":147108,"position":4},"title":"Swire Properties takes stake in venture to gain foothold in Shanghai\u2019s rising commercial district","date":"February 26, 2018","format":false,"excerpt":"\r Swire Properties said on Monday it had agreed to take a 50 per cent stake in a Shanghai joint venture for 1.35 billion yuan (US$214 million), a move that will help it gain a foothold in an up and coming commercial district in Pudong. The company\u2019s wholly-owned subsidiary Citi-Fame\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122770,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/panic-stricken-investors-drive-down-chinese-developer-agiles-bonds-amid-rumours-about-its-ability-to-repay-loans\/","url_meta":{"origin":147108,"position":5},"title":"Panic-stricken investors drive down Chinese developer Agile\u2019s bonds amid rumours about its ability to repay loans","date":"October 22, 2021","format":false,"excerpt":"\r Chinese developer Agile Group Holdings on Friday tried to reassure investors that it has enough money on hand to service debt, including off-balance sheet loans, after rumours drove down its bond prices.The prices of 11 US dollar dominated bonds of the Guangzhou-based Chinese developer plunged as panic-stricken investors sold\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\/147108"}],"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=147108"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/147108\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=147108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=147108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=147108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}