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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (139245)	2/12/2018 8:56:34 PM
From: TobagoJack	Respond to of 217542

was in singapore over the pre-christmas break, stayed on sentosa island, and at some heritage hotel in town seems a garden with a city attached to it, or an amusement park w/ a government and a university, sporting a military perhaps one day it shall find itself in need to defend itself against neighbours monaco, am told, is also boring, and so have no desire to visit in the mean time, a note re hk mortgage bloomberg.com

To: Elroy Jetson who wrote (139245)	2/12/2018 9:00:10 PM
From: TobagoJack	Respond to of 217542

hna ... disposal in hk is orderly, and profitable bloomberg.com HNA Sells Hong Kong Land for $2 Billion, Disposals Speed Up February 13, 2018, 9:10 AM GMT+8 Construction area at the former Kai Tak airport. Photographer: Anthony Kwan/Bloomberg HNA Group Co. agreed to sell two plots of land in Hong Kong to the city’s second-richest man for HK$16 billion ($2 billion) as the cash-strapped Chinese conglomerate accelerates asset disposals to repay its mounting debt. The sites, purchased just over a year ago, were sold to billionaire Lee Shau Kee’s Henderson Land Development Co., according to a statement Tuesday. HNA had spent about HK$14.2 billion on the two sites, according to records from Hong Kong’s land registry. The disposal may help ease the financial strain HNA has been under after spending tens of billions of dollars on debt-fueled acquisitions to snap up assets including big stakes in Deutsche Bank AG and Hilton Worldwide Holdings Inc. The group has told creditors it could have a liquidity shortfall of at least 15 billion yuan ($2.4 billion) in the first quarter and that HNA is targeting about 100 billion yuan in asset sales during the first half, people familiar with the situation have said. HNA bought four plots at the former Kai Tak airport for a total HK$27.2 billion between November 2016 and March last year, outbidding local developers for sites that were among the most hotly contested during that period. The sale to Henderson is expected to close Feb. 14, according to the statement. Other SalesSeparately, HNA has held preliminary talks with investors including Brookfield Asset Management Inc. about selling a pair of office buildings in London’s Canary Wharf district, according to people with knowledge of the matter. In the U.S., the Chinese conglomerate is selling properties valued at about $4 billion -- including the 245 Park Ave. skyscraper it bought less than a year ago for one of the highest prices ever paid for a building in New York -- according to a marketing document seen by Bloomberg. In late January, HNA agreed to sell a Sydney office building to Blackstone for A$205 million ($161 million). Read more: potential assets on the block in China’s sale of the century Still, HNA, which doesn’t earn enough profits to cover its interest payments, has been facing increasing skepticism from bond investors whether asset sales and lender lifelines will be enough to help the conglomerate roll over borrowings. The yield on HNA’s yuan-denominated bond due in 2019 has almost doubled this year to 14.2 percent, according to exchange data. That’s about three times higher than the average yield on other notes with similar AAA local ratings, and twice that on securities with credit scores considered junk in China. “With investor risk appetites more subdued in the wake of rising rates and widening credit spreads, it is difficult to envision HNA and its subsidiaries being able to tap either the onshore or offshore bond markets over the near future,” said Todd Schubert, head of fixed-income research at Bank of Singapore Ltd. HNA, one of the most prolific Chinese buyers of foreign assets until the government started frowning on capital outflows, isn’t alone in feeling the heat. Blackstone Group LP has held initial discussions about bidding for Anbang Insurance Group Co. assets -- including New York’s Waldorf Astoria hotel -- in a sale overseen by the Chinese government, people with knowledge of the matter have said. Elsewhere, billionaire Wang Jianlin, whose group controls AMC Entertainment Holdings Inc. and was once China’s richest man, is retreating from previous ambitions to build an entertainment empire that could challenge Walt Disney Co. — With assistance by Justina Lee, Judy Chen, and Prudence Ho

To: Elroy Jetson who wrote (139245)	2/14/2018 7:46:27 PM
From: TobagoJack	1 Recommendation Recommended By Arran Yuan Read Replies (2) \| Respond to of 217542

another flip to eventual bag-holder, survive so as to survive another day bloomberg.com Manhattan Mansion Linked to China's HNA Sells for $90 Million More stories by Patrick ClarkFebruary 15, 2018, 6:47 AM GMT+8 A seller affiliated with HNA Group Co., the Chinese conglomerate seeking buyers for real estate worldwide to stave off a liquidity crunch, has found a buyer for at least one Manhattan property: an Upper East Side mansion owned for less than a year. The five-story property on East 64th Street was sold for $90 million, according to records filed with New York City on Wednesday -- records signed by Chen Guoqing, the brother of an HNA co-founder. And it was hardly a fire sale: the home was purchased last April for quite a bit less -- just $79.5 million. Both the buyer and seller were limited-liability corporations named simply for the mansion’s address. A spokesman for HNA didn’t immediately respond to a phone call and email requesting comment on the sale. The transaction was reported earlier by the Real Deal. A representative for the buyer’s LLC also didn’t immediately respond. Still on the market in New York and across the U.S. are commercial properties valued at a total of $4 billion, including 245 Park Ave., according to a marketing document seen by Bloomberg. That Manhattan skyscraper should command a much higher price: It was purchased, also less than a year ago, for $2.21 billion, among the most ever paid for an office building in the city. — With assistance by Sarah Mulholland