China Enterprise Co Ltd<600675>, a real estate developer, has announced that it plans to issue RMB 1.2 billion in corporate bonds with coupon rates ranging from 6.95% to 7.15%, sources reported. According to a statement filed with the Shanghai Stock Exchange, the property enterprise intends to issue 90% of the...
W Hotels Group, part of the world's largest hotel owner Starwood, has terminated a management contract to operate a luxury hotel for Sun Hung Kai Properties<0016> in Shanghai, sources reported.The decision was made out of concerns that the hotel market would be further affected by the economic downturn. The...