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Stock impact report

Hong Kong firms scoop up properties from Chinese developers in distress [Financial Post (Toronto, Ontario, Canada)]

Cushman & Wakefield plc Ordinary Shares (CWK) 
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm Check Earnings Report
Company Research Source: Financial Post
the world's most expensive property markets, allowing firms in the financial hub to scoop up some of their assets at distressed prices. Developers including China Evergrande Group and Kaisa Group Holdings Ltd, struggling under billions of dollars in debt, have sold some assets in recent months to Hong Kong developers to help ease liquidity stress back home. Best gifts for fitness fanatics in 2021 Advertisement Advertisement Article content There's more to come – Aoyuan Group, which this week extended the redemption date of onshore asset-backed securities, is trying to offload more Hong Kong properties to raise capital, two sources with knowledge of the matter said. Aoyuan is planning to sell a redeveloped office building in Kwai Chung in eastern Hong Kong, and the bidders will likely be local investors or family offices, said the sources, declining to be named as the information is confidential. The deal is expected to be sold at less than what Aoyuan paid for it, the Show less Read more
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