Topic
TOPIC
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).
- Soho China plans to sell about 32,000 square metres from its portfolio in Beijing and Shanghai
- Proceeds from the sale will be used to cut debt, says chairman Pan Shiyi
US private equity giant abandoned its US$3.05 billion offer, halting its plan to expand in the mainland Chinese market through one of its biggest real estate acquisitions in Asia.
US private equity giant abandoned its US$3.05 billion offer, halting its plan to expand in the mainland Chinese market through one of its biggest real estate acquisitions in Asia.
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.
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.
While the offer at HK$5 per share is at a premium to market, Blackstone will be picking up Soho’s assets at about 40 per cent discount to net asset value of HK$8.37 per share at the end of 2020.
While the offer at HK$5 per share is at a premium to market, Blackstone will be picking up Soho’s assets at about 40 per cent discount to net asset value of HK$8.37 per share at the end of 2020.
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.
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.
Mainland developer’s core net profit fell 31 per cent year on year to 1.33 billion yuan in 2019.
Mainland developer’s core net profit fell 31 per cent year on year to 1.33 billion yuan in 2019.
The deal marks a formal exit from the equity market for Soho China’s Chairman Pan Shiyi and Chief Executive Officer Zhang Xin, who together built the company into one of the country’s major developers of mixed-used residential and commercial property.
The deal marks a formal exit from the equity market for Soho China’s Chairman Pan Shiyi and Chief Executive Officer Zhang Xin, who together built the company into one of the country’s major developers of mixed-used residential and commercial property.
The potential sales signal Soho China may be shifting away from the nation’s office market, which has been hit by declining rents and decade-high vacancy rates as economic growth slows.
The potential sales signal Soho China may be shifting away from the nation’s office market, which has been hit by declining rents and decade-high vacancy rates as economic growth slows.
Analysts said the renewed emphasis on development sites is an implicit nod to its previous unsuccessful landlord strategy.
Analysts said the renewed emphasis on development sites is an implicit nod to its previous unsuccessful landlord strategy.
The company that operated the blog “S. Shengunju. S” was ordered to pay Soho China 200,000 yuan in damages by a district court in Beijing
The company that operated the blog “S. Shengunju. S” was ordered to pay Soho China 200,000 yuan in damages by a district court in Beijing
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.
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.
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.
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.