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13.10.25 - 10:42
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Embattled Chinese property developer replaces chairman as debt pressures mount (SCMP)
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The chairman of embattled China Vanke has abruptly stepped down after being appointed early this year, in another blow to the debt-laden property developer.
Vanke's board of directors received a resignation letter from Xin Jie on Sunday. Xin applied to resign as chairman and non-executive director, and would no longer hold any position in the company after his resignation, the developer said in a filing to the Hong Kong stock exchange on Monday.
Xin, who has a state-linked background, was......
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13.10.25 - 09:42
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Lululemon moves to Hongkong Land project in Shanghai, bucking property downtrend (SCMP)
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Canadian athletic apparel retailer Lululemon has become the latest tenant of Hongkong Land's mixed-use project Westbund Central in Shanghai, adding lustre to a waterfront area in the city's southwestern Xuhui district amid a property downtrend.
The company would officially open its China store support centre on October 27, a move to show Lululemon's vibrancy in line with the development of the West Bund, an emerging central business district (CBD) built on the 11km-long zone, according to Ng San......
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