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  • July 26, 2014
  • Last updated: 3:07pm
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Results 1 - 10 of 31 for mortgage loan

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  1. Business - Comment - MONEY MATTERS

    Evergrande puzzles with buy-back on one hand, borrowing on the other

    Posted Jul 26th 2014, 01:23am by Shirley Yam

    ... with buy-back on one hand, borrowing on other What kind of management pays more than HK$500 million to buy back its own shares while scrambling for the same amount through an expensive seven-month loan ... to raise 500 million yuan (HK$625 million) through a trust loan of seven-month maturity, according to an offering document issued by Zhongrong Trust. "I wouldn't do such a short-term ...

  2. Business - Comment - MONEY MATTERS

    ICBC a laughing stock after inept effort to cook up orders

    Posted May 24th 2014, 01:09am by Shirley Yam

    ... Powerlong's prospectus says an IPO was the only way that the bank could recoup its HK$500 million loan from the developer. Ten days before the IPO, ICBC loaned Powerlong the money at 5.5 per cent ...

  3. Business - Comment - MONEY MATTERS

    Yuan anti-speculation drive brings ill wind from the north

    Posted Apr 05th 2014, 01:04am by Shirley Yam

    ... billion was invested in yuan-denominated products and entrusted loans with mainland banks. That was 30 times the amount in 2012. In short, Chengtong had betted heavily on yuan appreciation. Why ... seemed as certain as the sun rising in the east. Having to pay for a US dollar loan with a yuan asset did not bother many. The windfall came dirt cheap. According to a circular issued ...

  4. Business - Comment - MONEY MATTERS

    Pearl may be found in Oi Wah Pawnshop flotation if it turns into a shell

    Posted Mar 09th 2013, 12:00am by Shirley Yam

    ... before applying for a listing only by aggressively pushing into the mortgage business. The result is HK$38 million in mortgage loan receivables, a HK$20 million cashflow shortfall and a HK$18.5 ... to the sponsor, lawyers and auditors. Oi Wah said it would use a total of HK$56 million to grow its loan portfolio, in particular the mortgage business. In the highly competitive and price-sensitive ...

  5. Business - Comment - MONEY MATTERS

    Big Lau's Macau land fiasco is the movie that never got made

    Posted Mar 22nd 2014, 01:22am by Shirley Yam

    ... asking for a loan, offering to pay an interest rate lower than what she had proposed to another person whom he described as "my disciple". "I almost had to stab my thigh ... company with a HK$250 million loan to pay the deposit for the bid. In return, Lau got an option agreement to buy a 70.01 per cent shareholding in Lo's company. "Tycoons never want to get ...

  6. Business - Comment - MONEY MATTERS

    Casino junket stocks much the same as playing slot machines

    Posted Mar 01st 2014, 12:32am by Shirley Yam

    ... with a shell company promising to share a certain percentage of its profit from bringing in high rollers and providing them with loans. The shell company is sold to the listed company in return for money or shares and gets a backdoor listing. This is the only way that a junket business can gain access to the image, bank loans and business opportunities that come with listed status. Other ...

  7. Business - Comment - MONEY MATTERS

    Market is puzzled over Evergrande's HK$6.8b share buyback spree

    Posted Feb 15th 2014, 01:37am by Shirley Yam

    ... cent. While it was sitting on 32.9 billion yuan in cash when it decided to pay the special dividend, it also has a 28 billion yuan loan to repay by June. As analysts wondered why it had decided ... note in November, paying interest of 8.75 per cent. It would be fair to say that the dividend payment and share buyback, which account for more than half the value of the loan, were largely ...

  8. Business - Comment - MONEY MATTERS

    Investors in Poly Culture IPO should take note of its firepower

    Posted Feb 22nd 2014, 01:08am by Shirley Yam

    ... After all, the firm has been relying on Poly Group for loans and guarantees. And who said selling weapons requires no business skill? Second, is business. Thanks to the mainland's newfound ... uses a painting or sculpture as collateral. Poly Culture gets a fee for verifying whether the painting is genuine and setting a value on it. If the loan is not repaid, Poly will sell the piece ...

  9. Business - Comment - MONEY MATTERS

    In the shadows, the quickness of the loan deceives the eye

    Posted Jun 08th 2013, 12:00am by Shirley Yam

    ... Shirley Yam Shirley.yam@scmp.com China Chengtong Development, a listed vehicle of a mainland state-owned company, has an interesting way with short-term loans In the shadows, the quickness of the loan deceives the eye Want a crash course on shadow banking on the mainland? There is no better place to start than China Chengtong Development. It is a Hong Kong-listed company. Everything you ...

  10. Business - Banking & Finance - MONEY MATTERS

    Cinda's sweetener fails to hide toxins of sugar-coated poison

    Posted Nov 30th 2013, 04:27am by Shirley Yam

    ... management and pricing in China, where professional liquidators do not exist, is never transparent. It can be the result of bad-loan managers trading assets among themselves at artificially inflated values; or local governments "repaying" bad loans with more failing businesses. The sharp rise in Cinda's account receivables to income ratio from 16.25 per cent to 47.7 per cent ...




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