https://www.scmp.com/rss/38597/feed Founded in 1995, SOHO China is China’s largest prime office real-estate developer, focusing on the central business districts of Beijing and Shanghai. It was founded by Pan Shiyi, a former oil ministry employee, and his wife Zhang Xin, formerly of Goldman Sachs. It listed in Hong Kong in 2007 (Hong Kong stock code: 410). en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Mia Nurmamat Mia Nurmamat Property tycoon Pan Shiyi issued a rare critique of China’s real estate sector, describing its development model as a “Ponzi scheme” and urging the industry to restore integrity and better protect homebuyers, just days after a fraud trial saw a guilty plea from the founder of China Evergrande – the US$300 billion debt juggernaut whose 2021 collapse triggered a systemic property meltdown. Writing from the United States on Thursday via his personal WeChat account, Pan reflected on the trajectory... https://www.scmp.com/economy/china-economy/article/3350448/tycoon-pan-shiyi-slams-china-property-ponzi-evergrande-boss-pleads-guilty?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350448/tycoon-pan-shiyi-slams-china-property-ponzi-evergrande-boss-pleads-guilty?utm_source=rss_feed Fri, 17 Apr 2026 09:00:22 +0000 Enoch Yiu Enoch Yiu The Securities and Futures Commission (SFC) has secured for the first time separate court orders in Hong Kong and the UK to freeze HK$4.3 million (US$552,948) in assets belonging to three alleged insider traders – including a former Hong Kong Exchanges and Clearing (HKEX) staffer – who have left the city. The city’s Court of First Instance granted a worldwide interim injunction order against the trio – former HKEX listing division staffer Chan Ching-wa and his relatives Lam Cho-man and Chau... https://www.scmp.com/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 23:30:14 +0000 Cao Li Cao Li Zhang Xin, a Chinese property billionaire whose co-founded company Soho China was behind many projects that gave Beijing its futuristic skyline, has acquired land in a prestigious residential neighbourhood in New York City for a luxury condominium development. Manhattan-based Closer Properties, led by Zhang, acquired five adjacent parcels on the city’s Upper East Side in a cash transaction totalling US$62.5 million, it said in a statement on Wednesday. Closer, which develops, owns and operates... https://www.scmp.com/business/article/3330020/soho-china-tycoon-zhang-xin-buys-land-nycs-tony-upper-east-side-luxury-condos?utm_source=rss_feed https://www.scmp.com/business/article/3330020/soho-china-tycoon-zhang-xin-buys-land-nycs-tony-upper-east-side-luxury-condos?utm_source=rss_feed Thu, 23 Oct 2025 05:15:59 +0000 The founders of Soho China, whose projects give Beijing its futuristic skyline, are stepping down from key positions in the group to pursue interests in philanthropy and arts, joining other top executives in boardroom and management retreat. The property investment group said Pan Shiyi has resigned as chairman while Zhang Xin quit as chief executive with effect from September 7, according to a stock exchange filing on Wednesday. The husband and wife will remain as executive directors of the... https://www.scmp.com/business/article/3191668/soho-chinas-billionaire-founders-relinquish-top-roles-pursue-philanthropy?utm_source=rss_feed https://www.scmp.com/business/article/3191668/soho-chinas-billionaire-founders-relinquish-top-roles-pursue-philanthropy?utm_source=rss_feed Wed, 07 Sep 2022 09:15:51 +0000 Soho China is offering a portion of commercial properties in Beijing and Shanghai at a deep discount to raise cash and pay down debt, seeking to capitalise on early signs of rebound in the pandemic-hit market. The developer will sell about 32,000 square metres from its portfolio in the two cities at a 30 per cent discount, East Money Information reported on Thursday, which cited chairman Pan Shiyi as saying in a presentation to investors. The size amounts to less than 4 per cent of its combined... https://www.scmp.com/business/article/3169986/soho-china-dangles-30-cent-discount-commercial-properties-trim-debt-after?utm_source=rss_feed https://www.scmp.com/business/article/3169986/soho-china-dangles-30-cent-discount-commercial-properties-trim-debt-after?utm_source=rss_feed Thu, 10 Mar 2022 11:35:10 +0000 US private equity giant Blackstone Group has abandoned its US$3.05 billion offer to buy developer Soho China, halting its expansion plans in the mainland Chinese market through one of its biggest real estate acquisitions in Asia. The firm decided not to proceed with its HK$5 per share offer for the developer, citing the lack of progress in fulfilling the conditions by the targeted completion date of December 31, according to an exchange filing on Friday. That offer in June valued the entire... https://www.scmp.com/business/companies/article/3148322/blackstone-abandons-us305-billion-offer-soho-china-amid?utm_source=rss_feed https://www.scmp.com/business/companies/article/3148322/blackstone-abandons-us305-billion-offer-soho-china-amid?utm_source=rss_feed Fri, 10 Sep 2021 09:25:05 +0000 China’s antitrust regulator has started its review of a general offer by US private-equity firm Blackstone Group to take control of property developer Soho China, a necessary step needed for the US$3.05 billion deal to be concluded. The acquirer was notified on August 3 that the State Administration for Market Regulation (SAMR) had accepted its application for the takeover, Soho China said in an exchange statement late on Friday. More information or materials may have to be submitted to SAMR for... https://www.scmp.com/business/china-business/article/3144289/chinas-antitrust-regulator-starts-review-blackstones-us3?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3144289/chinas-antitrust-regulator-starts-review-blackstones-us3?utm_source=rss_feed Sun, 08 Aug 2021 13:00:09 +0000 US private equity group Blackstone Group revived its pursuit of Soho China with a HK$23.7 billion (US$3.05 billion) offer for the Chinese office developer, expanding its footprint in the mainland market with one of its biggest real estate acquisitions in the region. The firm offered to buy the Hong Kong-listed firm at HK$5 per share, or 31.6 per cent premium over the stock’s last traded price, the company said in a stock exchange filing late on Wednesday. The company’s shares surged 48 per cent... https://www.scmp.com/business/china-business/article/3137553/blackstone-makes-us305-billion-offer-soho-china-pick-assets?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3137553/blackstone-makes-us305-billion-offer-soho-china-pick-assets?utm_source=rss_feed Wed, 16 Jun 2021 13:04:43 +0000 Beijing-based office developer Soho China, which was in talks with US private equity group Blackstone about a privatisation deal worth more than US$4 billion, said on Thursday that the deal was off. The company, which is listed in Hong Kong and is famous for buildings designed by late British Iraqi architect Zaha Hadid, said in a filing to the Hong Kong stock exchange that: “All previous discussions with various investors have now been terminated and have not at this time resulted in the terms... https://www.scmp.com/business/companies/article/3097288/soho-china-developer-famous-buildings-designed-zaha-hadid-says?utm_source=rss_feed https://www.scmp.com/business/companies/article/3097288/soho-china-developer-famous-buildings-designed-zaha-hadid-says?utm_source=rss_feed Thu, 13 Aug 2020 23:00:17 +0000 Soho China, which is in talks with Blackstone over a US$4 billion privatisation deal, said its slowing office rental income will come under further pressure as the coronavirus outbreak weighs on China’s economy, after it reported a 31 per cent decline in annual profit. The Hong Kong-listed developer, known for its futuristic curvilinear office buildings in China, posted a core net profit of 1.33 billion yuan (US$188 million) for 2019 on revenues of 1.85 billion yuan, according to an exchange... https://www.scmp.com/business/companies/article/3076919/soho-china-sees-coronavirus-weighing-revenue-after-office?utm_source=rss_feed https://www.scmp.com/business/companies/article/3076919/soho-china-sees-coronavirus-weighing-revenue-after-office?utm_source=rss_feed Wed, 25 Mar 2020 08:16:08 +0000 Soho China Limited, whose curvilinear office buildings gave Beijing’s chessboard cityscape its futuristic skyline, is being taken private in one of the country’s largest privatisation deals. The developer, founded in 1995 by a husband-and-wife team, is in exclusive talks with Blackstone in a US$4 billion deal, Reuters reported, citing people with direct knowledge of the matter. The US private equity group will pay HK$6 per share, almost double Soho China’s average price of HK$3.03 in January, to... https://www.scmp.com/business/companies/article/3074472/soho-china-builder-zaha-hadids-curves-talks-blackstone-us4?utm_source=rss_feed https://www.scmp.com/business/companies/article/3074472/soho-china-builder-zaha-hadids-curves-talks-blackstone-us4?utm_source=rss_feed Tue, 10 Mar 2020 11:30:13 +0000 Soho China is considering selling a majority of its commercial property holdings in deals that may fetch as much as US$8 billion, according to people familiar with the situation. At least eight office towers in Beijing and Shanghai are being discussed as part of the planned sales, said the people, who asked not to be named because the discussions are private. An initial batch of projects worth as much as US$3 billion is being shopped to potential buyers, the people said. Sovereign wealth funds... https://www.scmp.com/business/companies/article/3035505/soho-china-mulling-plan-put-eight-offices-towers-beijing-and?utm_source=rss_feed https://www.scmp.com/business/companies/article/3035505/soho-china-mulling-plan-put-eight-offices-towers-beijing-and?utm_source=rss_feed Wed, 30 Oct 2019 06:18:33 +0000 Soho China, one of the country’s largest commercial developers, is putting 7.8 billion yuan (US$1.13 billion) of office assets up for sale, making its biggest disposal in the company’s two-decade history to raises capital to buy land to expand its land bank. The developer on Friday put 20,000 square metres of office space in five Beijing and Shanghai projects on the market. The move conflicts with a pledge by its chairman Pan Shiyi a year ago not to sell core assets in either of the two mainland... https://www.scmp.com/business/companies/article/3016580/soho-china-struggling-flagging-profits-and-stock-price-put-us113?utm_source=rss_feed https://www.scmp.com/business/companies/article/3016580/soho-china-struggling-flagging-profits-and-stock-price-put-us113?utm_source=rss_feed Fri, 28 Jun 2019 15:03:37 +0000 Pan Shiyi, the founder of Soho China and an outspoken property developer with 20 million followers on his blog posts, has won a libel suit against a Chinese blogger who alleged that the bad feng shui in one of Soho’s projects is bad for tenants. Zhuhai Shengun Internet Technology, which operates a blog called “S. Shengunju. S”, was ordered by the Beijing Chaoyang District Court to apologise to Pan, and pay Soho 200,000 yuan (US$29,800) in compensation. The blog wrote that Pan’s Wangjing Soho... https://www.scmp.com/business/companies/article/3005599/soho-china-wins-libel-case-against-chinese-blogger-claiming-its?utm_source=rss_feed https://www.scmp.com/business/companies/article/3005599/soho-china-wins-libel-case-against-chinese-blogger-claiming-its?utm_source=rss_feed Wed, 10 Apr 2019 12:30:06 +0000 Soho China, one of the country’s largest commercial property companies, aims to list its co-working space business in Hong Kong next year, according to its chairman Pan Shiyi. “We will seek to list next year,” Pan Shiyi, Soho’s chairman said at a press conference on Wednesday to announce 3Q’s expansion plans. He said 3Q has opened projects in Chengdu, Chongqing and Shenzhen, and is expanding in Beijing and Shanghai. Soho China bets big on co-working sector with move into second-tier cities Soho... https://www.scmp.com/business/companies/article/2151635/co-working-space-operator-soho-china-targets-hong-kong-ipo-next?utm_source=rss_feed https://www.scmp.com/business/companies/article/2151635/co-working-space-operator-soho-china-targets-hong-kong-ipo-next?utm_source=rss_feed Wed, 20 Jun 2018 11:04:18 +0000 Soho China, one of the country’s largest commercial property companies, is taking its co-working space business into second-tier cities, amid fierce competition to take the lead in the burgeoning sector. Young people in second-tier cities have no major differences from their counterparts in Beijing and Shanghai Pan Shiyi, chairman, Soho China The firm is taking advantage of the vast amounts of office and retail space standing idle in second-tier cities, announcing on Monday that it is entering... https://www.scmp.com/business/companies/article/2112757/soho-china-bets-big-co-working-sector-move-second-tier-cities?utm_source=rss_feed https://www.scmp.com/business/companies/article/2112757/soho-china-bets-big-co-working-sector-move-second-tier-cities?utm_source=rss_feed Mon, 25 Sep 2017 09:46:03 +0000 By Lucy Handley The teenage years aren’t always the smoothest, and life was no different for four of the world’s most successful chief executives. They may be heavy hitters now, but before they made it, they included an awkward adolescent, a teen factory worker, a “terrible” student and a 16-year-old who held three jobs. Bill McDermott, now CEO of software giant SAP, loved the scent of success as an adolescent. Having the gumption to buy a business is impressive at any age, but McDermott snapped... https://www.scmp.com/tech/leaders-founders/article/2108751/four-top-ceos-reveal-what-they-were-teenagers-socially?utm_source=rss_feed https://www.scmp.com/tech/leaders-founders/article/2108751/four-top-ceos-reveal-what-they-were-teenagers-socially?utm_source=rss_feed Tue, 29 Aug 2017 05:30:00 +0000 Soho China Ltd, the biggest commercial developer in the Chinese capital, said it’s been forced to abandon its sale of a Shanghai property to a “famous” buyer, becoming the latest company to be snared by the country’s capital control regulations. Soho had to drop the sale of Soho Hongkou, an office-and-commercial project with 95,000 square metres of usable space in Shanghai, according to the company’s founder and chairman Pan Shiyi. He was forced to cancel the deal as his plan to use the proceeds... https://www.scmp.com/business/companies/article/2081591/soho-drops-plan-sell-hongkou-property-snared-chinas-capital?utm_source=rss_feed https://www.scmp.com/business/companies/article/2081591/soho-drops-plan-sell-hongkou-property-snared-chinas-capital?utm_source=rss_feed Thu, 23 Mar 2017 11:48:02 +0000 Soho China's transition from developer to landlord is weighing on its earnings, with the company yesterday reporting a 60 per cent drop in core profit to 1.78 billion yuan (HK$2.24 billion) for last year. Net profit, including net valuation gains on investment properties, was about 4.08 billion yuan for the 12 months to December, a decline of about 45 per cent year on year, the mainland's largest developer of prime office space said yesterday. Turnover fell 58 per cent to 6.1 billion yuan. Its... https://www.scmp.com/business/companies/article/1730861/soho-china-core-profit-drops-60-cent-178-billion-yuan?utm_source=rss_feed https://www.scmp.com/business/companies/article/1730861/soho-china-core-profit-drops-60-cent-178-billion-yuan?utm_source=rss_feed Fri, 06 Mar 2015 05:15:45 +0000 Mainland commercial property developer Soho China has agreed to sell just under half of its uncompleted office-retail project in Shanghai to Ctrip Shanghai for HK$3.85 billion, nearly double what it paid for the project site in 2010. In a filing with the stock exchange, Soho said it had acquired the site for the office-retail project Sky Soho for HK$1.96 billion in 2010. The project is expected to be completed in the next quarter. The Beijing-based developer said it had entered into a pre-sale... https://www.scmp.com/business/china-business/article/1603782/soho-china-sells-part-shanghai-project-ctrip?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1603782/soho-china-sells-part-shanghai-project-ctrip?utm_source=rss_feed Mon, 29 Sep 2014 02:00:30 +0000 Commercial property developers Soho China and Franshion Properties (China) posted robust half-year results yesterday, but their major office markets in Beijing and Shanghai are expected to soften as the mainland's economic growth slows further. Soho, the largest developer of offices in those cities, said underlying profit, excluding property revaluation gains, surged 130 per cent to 537 million yuan (HK$680 million) year on year on strong property sales. The firm has been moving from a "build to... https://www.scmp.com/property/hong-kong-china/article/1298035/softer-office-markets-cloud-china-property-outlook?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1298035/softer-office-markets-cloud-china-property-outlook?utm_source=rss_feed Tue, 20 Aug 2013 06:39:37 +0000 Directors of Hong Kong companies increased their purchases of their firms' shares last week, according to filings lodged with the stock exchange. Selling by such insiders fell. Some 35 companies reported 164 purchases worth a combined HK$356 million last week. Nine reported disposals, worth a combined HK$120 million. Buying rose compared with the previous week. Selling fell. Buy-back activity by companies themselves surged for the second straight week, with 16 companies executing 88 share... https://www.scmp.com/business/money/money-news/article/1267525/soho-china-buys-back-own-shares-galaxy-entertainment-boss?utm_source=rss_feed https://www.scmp.com/business/money/money-news/article/1267525/soho-china-buys-back-own-shares-galaxy-entertainment-boss?utm_source=rss_feed Sun, 23 Jun 2013 16:00:00 +0000 A group of investors, including Chinese real estate tycoon Zhang Xin, paid about US$1 billion for a 40 per cent stake in a landmark New York office building, a person familiar with the deal said on Sunday, in the latest sign of how foreign investors are fuelling a US commercial real estate market recovery. The deal, which closed on Friday, comes in the same week that food company Shuanghui International agreed to buy pork producer Smithfield Foods for US$4.7 billion. That purchase, if approved,... https://www.scmp.com/business/economy/article/1252451/china-tycoon-zhang-xin-deal-new-yorks-gm-building?utm_source=rss_feed https://www.scmp.com/business/economy/article/1252451/china-tycoon-zhang-xin-deal-new-yorks-gm-building?utm_source=rss_feed Mon, 03 Jun 2013 00:49:48 +0000 Blueprints for a new Australian spy facility are not the only thing China allegedly wants - they are now also vying against the Aussies to offer the best job in the world, or sort of. Real estate giant Soho China is calling on applicants for a hotel manager position that comes with a two million yuan (HK$2.5 million) annual pay cheque, 60 days of paid leave and the most priceless benefit of all -"fresh breathable air" around the clock. According to a post on Wednesday on the company's official... https://www.scmp.com/news/china/article/1249736/could-be-best-job-china-or-world?utm_source=rss_feed https://www.scmp.com/news/china/article/1249736/could-be-best-job-china-or-world?utm_source=rss_feed Thu, 30 May 2013 08:37:15 +0000 Buying and selling of their own company shares by directors were down for the holiday-shortened week of April 29 to May 3. Buyers outweighed sellers, with 23 companies reporting 75 purchases worth HK$45.7 million, compared with 11 companies reporting 47 disposals worth HK$34.4 million. The activity was well below the previous week's five-day totals of 34 companies, 163 purchases and HK$172.8 million on the buying side, and 15 companies, 58 trades and HK$128.5 million on the selling... https://www.scmp.com/business/article/1230816/soho-china-swire-draw-buyers-holiday-week?utm_source=rss_feed https://www.scmp.com/business/article/1230816/soho-china-swire-draw-buyers-holiday-week?utm_source=rss_feed Sun, 05 May 2013 16:00:00 +0000 Soho China won a commercial site in Shanghai for 3.19 billion yuan (HK$4.01 billion) yesterday. The deal puts the accommodation value of the site, in the Gubei area of Hongqiao district, at 31,000 yuan per square metre, more than double the previous record in the district. The developer outbid three companies, Shanghai Takashimaya, Zhongying Enterprise and Kuo Yang Group, in the government land auction. It is Soho China's 12th project in Shanghai since it moved into the city in August 2009, and... https://www.scmp.com/business/companies/article/1223281/soho-china-sets-record-shanghai-site-value?utm_source=rss_feed https://www.scmp.com/business/companies/article/1223281/soho-china-sets-record-shanghai-site-value?utm_source=rss_feed Thu, 25 Apr 2013 16:00:00 +0000 Fosun International has won a court order on the mainland forcing the developer Soho China to return to the vendors the 50 per cent stake it bought in a project in Shanghai. Soho China said the Shanghai Intermediate People's Court issued a judgment yesterday ordering it to return its interests in Zendai Wudaokou and Greentown Hesheng to Shanghai Zendai Property and Greentown China, respectively. The court found the vendors' agreement to transfer their interests in the two firms to Soho China was... https://www.scmp.com/business/china-business/article/1222375/fosun-wins-court-fight-over-sale-stake-bund-8-11?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1222375/fosun-wins-court-fight-over-sale-stake-bund-8-11?utm_source=rss_feed Wed, 24 Apr 2013 16:00:00 +0000 Shares of mainland commercial property developer Soho China jumped nearly 7 per cent yesterday after it reported a 172 per cent rise in net profit, thanks to a big increase in floor area sold during the period. The stock closed up 6.7 per cent at HK$6.22, while the benchmark Hang Seng Index edged up by 0.96 per cent. The Beijing-based property developer said turnover for the year to December soared 169 per cent to 15.3 billion yuan (HK$19 billion) while net profit surged to 10.6 billion yuan,... https://www.scmp.com/business/china-business/article/1184265/soho-china-banks-big-increase-net-profit?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1184265/soho-china-banks-big-increase-net-profit?utm_source=rss_feed Wed, 06 Mar 2013 16:00:00 +0000 Shares in mainland developer Soho China have fallen by 11 per cent after media reports that most of the 41 properties bought for one billion yuan (HK$1.23 billion) by former Shanxi banking official Gong Aiai were sold to her by Soho. Before the reports on Wednesday, Soho shares traded as high as HK$7.05 on Monday. On the day the reports appeared the shares declined to HK$6.32, and yesterday they fell further to close at HK$6.27. The drop in the share price came as investors sold their Soho... https://www.scmp.com/business/companies/article/1146393/soho-china-hit-gong-money-laundering-scandal?utm_source=rss_feed https://www.scmp.com/business/companies/article/1146393/soho-china-hit-gong-money-laundering-scandal?utm_source=rss_feed Fri, 08 Feb 2013 16:00:00 +0000 Zhang Xin, chief executive of Soho China (0410.HK), the largest commercial developer in Beijing, said on her blog she loathed corruption and denied money-laundering accusations after a Shanxi official was found to have bought most of her 41 Beijing properties from Soho China. Zhang also urged the Chinese government to grant the public access to property transaction records in order to fight corruption. Gong Aiai, a former banker in China’s coal-rich Shanxi province, was arrested this week after... https://www.scmp.com/news/china/article/1145921/soho-china-ceo-denies-money-laundering-accusations?utm_source=rss_feed https://www.scmp.com/news/china/article/1145921/soho-china-ceo-denies-money-laundering-accusations?utm_source=rss_feed Fri, 08 Feb 2013 02:49:14 +0000 Pan Shiyi, chairman and co-founder of the property company Soho China, is one of the mainland's liveliest businessmen and an obsessive weibo user. Yesterday he regaled a humdrum Asian Financial Forum with his views on the best way to combat corruption on the mainland. Several years ago, he discovered a piece of land in Beijing was unfairly awarded to a bidder where there was collusion between the winning bidder and the tenderer of the land. He complained on weibo and this was reported by the... https://www.scmp.com/business/article/1128125/weibo-key-combating-mainland-corruption?utm_source=rss_feed https://www.scmp.com/business/article/1128125/weibo-key-combating-mainland-corruption?utm_source=rss_feed Mon, 14 Jan 2013 16:00:00 +0000 Property tycoon and star blogger Pan Shiyi is under fire from investors, who complain he has been posting price-sensitive information about other companies on his weibo account and are calling on the authorities to open an investigation. The posts by the Soho China chairman, whose microblog is followed by more than 13 million people, have also raised questions about the manner in which listed companies disseminate information on social media. "One shouldn't do it, it's common sense. But... https://www.scmp.com/business/china-business/article/1118543/investors-demand-probe-tycoons-blogs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1118543/investors-demand-probe-tycoons-blogs?utm_source=rss_feed Wed, 02 Jan 2013 16:00:00 +0000 China’s commentators need to be more careful about what they say – especially when discussing listed companies. This is a lesson real estate tycoon Pan Shiyi has learned. Disgruntled investors in China have written a 3000-word letter to the China Securities Regulatory Commission, reporting inappropriate Weibo posts by Pan Shiyi, China’s Finance and Investment newspaper reported on Tuesday. Popular micro-blogger Pan Shiyi is accused of posting sensitive information on certain listed companies on... https://www.scmp.com/news/china/article/1118236/tycoon-angers-netizens-posting-sensitive-information-weibo?utm_source=rss_feed https://www.scmp.com/news/china/article/1118236/tycoon-angers-netizens-posting-sensitive-information-weibo?utm_source=rss_feed Wed, 02 Jan 2013 06:11:14 +0000 Buy-back activity was high for the second consecutive year, with 113 companies posting 4,967 repurchases worth HK$5.45 billion in 2012, based on trades up to December 28. The figures, however, were sharply down from the previous year's 161 firms, 6,922 trades and HK$10.68 billion. Despite the sharp fall, the buy-back totals in the past two years are higher than the yearly averages of 81.5 companies, 2,800 trades and HK$5.34 billion from 2009 to 2010. Breaking down the trading in 2012, buy-back... https://www.scmp.com/business/article/1116126/industrial-stocks-lead-buy-back-activity-2012?utm_source=rss_feed https://www.scmp.com/business/article/1116126/industrial-stocks-lead-buy-back-activity-2012?utm_source=rss_feed Sun, 30 Dec 2012 16:00:00 +0000 New rules for bond ratings on the way China is readying new regulations governing credit ratings of bonds traded in the inter-bank market, in an effort to boost activity in the fledgling sector, two people close to the regulator said. The new rules, to be published within weeks, cover ratings from firms that charge bond issuers for coverage, as well as those paid for by investors. Reuters   Soho China mulls debt in US dollars Soho China, a Beijing-based property developer, is considering its... https://www.scmp.com/business/china-business/article/1073558/briefs-october-31-2012?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1073558/briefs-october-31-2012?utm_source=rss_feed Tue, 30 Oct 2012 16:00:00 +0000 Soho China, a Beijing-based commercial property developer, announced yesterday that it was altering its strategy to become more of a landlord and less of a sales-driven real estate developer in Beijing and Shanghai. The company said it wanted to capitalise on "the huge growth in rental and value for prime office building" in the two cities. At the same time, it said net profit in the first half of this year declined 65 per cent from a year earlier to 613 million yuan (HK$750 million). "The... https://www.scmp.com/business/companies/article/1016556/soho-china-turn-new-strategic-corner?utm_source=rss_feed https://www.scmp.com/business/companies/article/1016556/soho-china-turn-new-strategic-corner?utm_source=rss_feed Thu, 16 Aug 2012 16:00:00 +0000 Hong Kong-listed mainland developer Soho China is planning to buy back up to US$200 million worth of shares, saying its share price doesn't reflect its balance-sheet strength. The announcement, made in a filing with the Hong Kong stock exchange around midday yesterday, pushed up its share price from HK$5.67 at noon to HK$5.99. The stock closed at HK$5.94 yesterday, gaining 5.32 per cent over the previous day while the Hang Seng Index dropped 0.79 per cent. The stock has been trading between... https://www.scmp.com/article/1005390/buy-back-plan-gives-soho-china-boost-hk?utm_source=rss_feed https://www.scmp.com/article/1005390/buy-back-plan-gives-soho-china-boost-hk?utm_source=rss_feed Thu, 28 Jun 2012 16:00:00 +0000 Highly indebted Greentown China and another mainland developer are to sell a prime development site in Shanghai to Soho China for 2.13 billion yuan (HK$2.6 billion) in the face of a credit crunch. Soho China said it had entered into a framework agreement to acquire the entire interest in Greentown Plaza Development, of which 70 per cent is ultimately owned by Greentown China and the remaining 30 per cent held by Maanshan Development. Greentown Plaza Development is responsible for the development... https://www.scmp.com/article/998536/shanghai-site-be-sold-hk26b?utm_source=rss_feed https://www.scmp.com/article/998536/shanghai-site-be-sold-hk26b?utm_source=rss_feed Tue, 17 Apr 2012 16:00:00 +0000 Mainland commercial property developer Soho China yesterday posted a 60 per cent drop in core earnings last year because of a lack of completed projects. Turnover plunged 69 per cent to 5.68 billion yuan (HK$6.96 billion) from 18.22 billion yuan in 2010. Core earnings fell to 1.42 billion yuan from 3.51 billion yuan as only 100,315 square metres of floor area were sold during the year, 75 per cent less than the previous year. The drop was cushioned by a 27 per cent increase in... https://www.scmp.com/article/995534/soho-china-core-profit-dives-60pc-sales-plunge?utm_source=rss_feed https://www.scmp.com/article/995534/soho-china-core-profit-dives-60pc-sales-plunge?utm_source=rss_feed Wed, 14 Mar 2012 16:00:00 +0000 The credit squeeze on the mainland has forced Shanghai Zendai Real Estate and Greentown China to sell their stake in a prime Shanghai site to Soho China for 4 billion yuan (HK$4.9 billion). Soho China said yesterday it had signed agreements with the subsidiaries of Shanghai Zendai Real Estate and Greentown China to indirectly hold a 50 per cent stake in Shanghai Haizhimen Real Estate, thereby acquiring a 50 per cent stake in the Bund 8-1 Land project in Shanghai. The other half interest in... https://www.scmp.com/article/988837/squeeze-forces-owners-prime-shanghai-site-sell?utm_source=rss_feed https://www.scmp.com/article/988837/squeeze-forces-owners-prime-shanghai-site-sell?utm_source=rss_feed Thu, 29 Dec 2011 16:00:00 +0000 Beijing-based property developer Zhang Xin has made a name for herself and her husband in the mainland property market. Now, according to news reports, the co-founder of SOHO China is worried that property cooling measures launched by the central government are hurting sales and threatening to send debt-laden property developers to the wall. 'In my 16 years as a developer this is by far the most challenging year I have ever had, in terms of what we could sell,' Zhang, CEO of SOHO was quoted... https://www.scmp.com/article/983660/challenging-year?utm_source=rss_feed https://www.scmp.com/article/983660/challenging-year?utm_source=rss_feed Wed, 02 Nov 2011 16:00:00 +0000 Grande Holdings placed in provisional liquidation Grande Holdings, the Hong Kong-listed electronics company implicated in the collapse of Akai Holdings in 2000, has fallen into provisional liquidation. Just before Akai folded, in what remains Hong Kong's biggest insolvency, disgraced founder James Ting transferred his company's electronics brands, including Sansui and Akai, to Grande. The company's Hong Kong Stock Exchange announcement confirmed an earlier report by the Post. Staff... https://www.scmp.com/article/969484/briefs?utm_source=rss_feed https://www.scmp.com/article/969484/briefs?utm_source=rss_feed Wed, 01 Jun 2011 16:00:00 +0000 Soho China, one of the largest commercial developers on the mainland, has acquired a retail and office building in Shanghai for 3.2 billion yuan from New World China. The latest acquisition brings the developer's total investments in acquiring three projects this year to more than 7.3 billion yuan. All the projects are located in Shanghai and it is now halfway to reaching its targeted investment in new acquisitions for the year of 15 billion yuan. The firm previously focused on Beijing's... https://www.scmp.com/article/967047/soho-china-buys-another-slice-shanghai?utm_source=rss_feed https://www.scmp.com/article/967047/soho-china-buys-another-slice-shanghai?utm_source=rss_feed Fri, 06 May 2011 16:00:00 +0000 The Ministry of Land and Resources will step up efforts to clamp down on illegal land use after recovering 18.63 billion yuan (HK$22.15 billion) last year from 8,612 persons that it says was obtained through malpractice. Gan Zangchun, deputy director-general of the ministry's land inspection authority, said those responsible for illegal practices had been punished or faced further investigation. He said the authority had made routine inspections in 77 major mainland cities, resulting in the... https://www.scmp.com/article/965614/crackdown-illegal-land-use-nets-186b-yuan?utm_source=rss_feed https://www.scmp.com/article/965614/crackdown-illegal-land-use-nets-186b-yuan?utm_source=rss_feed Tue, 19 Apr 2011 16:00:00 +0000 Beijing's new policy requiring non-residents to have paid city taxes for five years before they can buy a home in the capital has sparked angry criticism on the internet. The rule, announced on Wednesday, comes on the heels of a call by the State Council to cool the overheated property market and is the toughest measure yet. But it is being criticised on the internet for being unfair, even by those who claim not to be Beijing residents. Non-residents are believed to account for 50 to 60 per... https://www.scmp.com/article/738521/internet-outrage-over-beijing-property-rules?utm_source=rss_feed https://www.scmp.com/article/738521/internet-outrage-over-beijing-property-rules?utm_source=rss_feed Thu, 17 Feb 2011 16:00:00 +0000 Evergrande Real Estate Group remains evasive about suggestions that the Guangzhou government had repossessed an undeveloped site it bought for 4.1 billion yuan (HK$4.66 billion) two years ago and seized the company's 130 million yuan deposit. 'We are still in discussion with the city government and promise to release any information once we get an answer,' said James Xia Haijun, the chief executive of Guangzhou-based Evergrande. He said authorities had rezoned the site and its surrounding... https://www.scmp.com/article/702908/evergrande-tight-lipped-guangzhou-site?utm_source=rss_feed https://www.scmp.com/article/702908/evergrande-tight-lipped-guangzhou-site?utm_source=rss_feed Tue, 05 Jan 2010 16:00:00 +0000 The article 'Soho on track to achieve 10b yuan revenue target' published on Monday should have said Soho China was on track to achieve its full-year contract sales target of 10 billion yuan, not its revenue target. https://www.scmp.com/article/696667/corrections-clarifications?utm_source=rss_feed https://www.scmp.com/article/696667/corrections-clarifications?utm_source=rss_feed Tue, 27 Oct 2009 16:00:00 +0000 Soho China, the largest commercial developer in Beijing, has generated a better than expected 770 million yuan (HK$874 million) in sales at its commercial project in Zhong Guan Cun district launched earlier this month. Soho chairman Pan Shiyi said on Monday he expected the company to make 1 billion yuan if the project sold out. Zhong Guan Cun Soho, scheduled for completion this year, has a total retail and office floor area of 58,850 square metres. Meanwhile, chief executive Zhang Xin expects... https://www.scmp.com/article/680850/soho-china-says-project-nets-770m-yuan-sales?utm_source=rss_feed https://www.scmp.com/article/680850/soho-china-says-project-nets-770m-yuan-sales?utm_source=rss_feed Tue, 19 May 2009 16:00:00 +0000 Soho China has acquired 54,691 square metres of commercial and retail property in Qianmen district in Beijing for 1.77 billion yuan (HK$2.01 billion), after failing to get government approval to acquire 134,333 sqmetres of land in the historic commercial district for 5.25 billion yuan. The mainland developer had hoped to acquire the 33 parcels of land in Qianmen in 2007, which was a key selling point of the company's initial public offering in Hong Kong in October that year. 'Notwithstanding... https://www.scmp.com/article/680634/soho-china-acquires-property-qianmen?utm_source=rss_feed https://www.scmp.com/article/680634/soho-china-acquires-property-qianmen?utm_source=rss_feed Sun, 17 May 2009 16:00:00 +0000 Soho China, a Beijing commercial property developer, has expressed interest in shopping centre and hotel projects in Taiwan after a four-day visit to the island by the company's chairman last month. Soho China chairman Pan Shiyi said yesterday that Taiwan's residential property market was less attractive as it had been saturated. 'The quality is good but transactions have been few as people are unwilling to buy new homes amid the poor economic sentiment,' he said, adding that there were many... https://www.scmp.com/article/637487/soho-china-seeks-opportunities-taiwan?utm_source=rss_feed https://www.scmp.com/article/637487/soho-china-seeks-opportunities-taiwan?utm_source=rss_feed Tue, 13 May 2008 16:00:00 +0000