Beijing Huaye Realestate Co Ltd<600240>, a Beijing-based property developer, today announced that it plans to issue up to 300 million new shares for RMB 7.26 per share or RMB 2 billion in total, sources reported. After the issuance, a Shenzhen-based shareholder of Huaye will see its shareholding drop to...
Oct. 7, 2008 (China Knowledge) - Lvjing Realestate Co. Ltd<000502>, a Guangzhou-headquartered property developer, forecast the company's net profit in the first nine months of this year may sharply surge between 2100% and 2200% over...
Some homeowners, like the Bruce family from Phoenix, have been to sell because they're "underwater" on their mortgages -- they owe more than the home is worth. The Bruce's decided to short-sell their home to avoid foreclosure.
Property prices have fallen by 11% in the past year, according to major lenders, while sales have fallen by more than half...
Lehman Brothers Holdings Inc., reporting the biggest loss in its 158-year history, said it will sell a majority stake in its asset-management unit, spin off real-estate holdings and...
WASHINGTON, Sept 7 - The U.S. Treasury has been worrying and wrangling over Fannie Mae's and Freddie Mac's capital levels and systemic risks for years. So why move now to seize control of the two...