China Evergrande has terminated a deal to divest a 50.1% stake in Evergrande Property Services to Hopson Development.
China’s property developer Evergrande Group is reportedly in negotiations with investment banks and creditors over potential asset sales and restructuring, as it seeks to reduce its debts of over $300bn.
Hyundai Mobis has announced plans to build two new hydrogen fuel cell system plants in Incheon and Ulsan in South Korea.
Debt-laden property developer China Evergrande will reportedly divest a 51% stake in its property management business for $5.1bn.
China’s housing regulatory agency has bolstered its supervision of the bank accounts of Evergrande Group so that the property developer does not divert funds to pay its creditors but only use them only to finish the construction projects, reported Bloomberg.
SmartCentres Real Estate Investment Trust has unveiled plans for ArtWalk, a new mixed-use art district in the Vaughan Metropolitan Centre in Canada.
Takeda Pharmaceutical Company has broken ground on a new $14m net zero carbon emissions building in Singapore.
Axalta, a supplier of liquid and powder coatings, has broken ground on a coatings facility in Jilin City, Jilin Province, China.
L&T Construction, the construction subsidiary of Indian firm Larsen & Toubro (L&T), has been awarded contracts for various projects in India and Saudi Arabia.
Geekvape has announced plans to invest several billions to construct an intelligent manufacturing industrial park in Greater Bay Area, China.
US-based real estate firm Hines and local company Conscient Infrastructure have launched the second phase of Elevate, a residential development project in India.
GC International, a subsidiary of PTT Global Chemical Public Company (GC), and Cargill have authorised the construction of a new integrated biopolymer production facility in Thailand.
Dabur India has begun construction of its largest manufacturing facility near Indore in the Indian state of Madhya Pradesh.
Construction engineering company Gammon Construction has secured three commercial and residential development contracts in Hong Kong and Kowloon.
The Government of Western Australia (WA) has selected a consortium comprising Place Development, GPA and Sirona Capital to redevelop Rottnest Island's Lodge site.
MVRDV has started construction on a sustainability-focused mixed-use project called ‘Shenzhen Terraces’ in China.
The launch of the urban landmark GMR AeroCity Hyderabad, which will be spread across 1,500 acres in the international airport, was announced by GMR Group.
Complex product design, manufacturing, supply chain and aftermarket services global leader Plexus has announced the breaking ground of a new manufacturing facility in Thailand’s capital city Bangkok.
Perbena Emas, Pansar's subsidiary, has won a construction contract worth $118m to develop the Universiti Malaysia Sarawak’s (Unimas) Teaching Hospital in Kota Samarahan town, Sarawak, Malaysia.
The construction arm of India-based engineering, construction and technology conglomerate Larsen & Toubro (L&T) has secured two significant orders in the Indian states of Odisha and Rajasthan.