Friday, October 18

Tag: transactions

Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring
14Dec By adminNo Comments
Money

Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring

Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt.The indebted developer said Thursday that a group subsidiary will sell its entire 1.79% stake in Zhuhai Wanda Commercial Management Group for 3.07 billion yuan ($428.0 million).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring
14Dec By adminNo Comments
World

Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring

Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt.The indebted developer said Thursday that a group subsidiary will sell its entire 1.79% stake in Zhuhai Wanda Commercial Management Group for 3.07 billion yuan ($428.0 million).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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San Francisco Is Building to Bring Residents Back
6Dec By adminNo Comments
World

San Francisco Is Building to Bring Residents Back

Real-estate developers are launching a series of residential projects in San Francisco, responding to new efforts by the state and city to create more housing in one of the country’s most expensive places to live. In what would be the city’s most ambitious residential development in several years, local property developer Bayhill Ventures last month announced plans for a 71-story rental tower in San Francisco’s ailing financial district. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The New Green Investment: Getting Clean Energy to Big Cities
5Dec By adminNo Comments
World

The New Green Investment: Getting Clean Energy to Big Cities

Updated Dec. 4, 2023 7:45 am ETU.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Failure of Bid for Origin Energy Signals Rising Power of Funds
5Dec By adminNo Comments
World

Failure of Bid for Origin Energy Signals Rising Power of Funds

Dec. 4, 2023 11:47 pm ET|WSJ ProSYDNEY—The failure of an US$11 billion takeover bid for Origin Energy marks the beginning of a cycle where long-term investors could play a more dominant role in capital markets.That is the view of Andrew Polson, chief executive of Frontier Advisors, which advises institutional clients who own around 630 billion Australian dollars (US$417.12 billion) in assets. After a wave of mergers in recent years, pension funds in Australia have been increasing their firepower to support investments by companies that until now have largely had to turn to banks, a deep-pocketed buyer or equity raising.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Evergrande Avoids a Debt Disaster—for Now
4Dec By adminNo Comments
World

China Evergrande Avoids a Debt Disaster—for Now

China Evergrande Group, the giant property developer whose default two years ago fueled a crisis in the country’s real-estate market, got some unexpected good news on Monday.The company, once China’s largest property developer by sales, was given until late January 2024 to reach a debt restructuring deal, after Hong Kong’s High Court postponed a hearing that could have pushed Evergrande into liquidation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The New Green Investment: Getting Clean Energy to Big Cities
4Dec By adminNo Comments
Money

The New Green Investment: Getting Clean Energy to Big Cities

U.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The New Green Investment: Getting Clean Energy to Big Cities
4Dec By adminNo Comments
World

The New Green Investment: Getting Clean Energy to Big Cities

U.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Brookfield-Led Consortium’s $11 Billion Bid for Origin Energy Fails
4Dec By adminNo Comments
World

Brookfield-Led Consortium’s $11 Billion Bid for Origin Energy Fails

SYDNEY—An US$11 billion bid for Origin Energy, one of Australia’s largest power companies, was rejected by its shareholders on Monday in a stark illustration of how investors are adopting different strategies to bet on the energy transition.Origin said that shareholders owning about 69% of its stock voted for the takeover, meaning that the bid made by a consortium led by Brookfield Asset Management fell short of the 75% approval threshold needed to secure a deal.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SEC Charges Phoenix Real Estate Investor With Stock Manipulation Over Fake WeWork Offer
29Nov By adminNo Comments
World

SEC Charges Phoenix Real Estate Investor With Stock Manipulation Over Fake WeWork Offer

The Securities and Exchange Commission on Wednesday charged Jonathan Larmore, a Phoenix-based real-estate investor, with stock manipulation tied to a false tender offer for now-bankrupt WeWork.The SEC charges also allege that ArciTerra Companies, a real-estate investment company, and Larmore, who is the company’s chief executive, misappropriated more than $35 million in managed funds over a number of years.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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