In a report Caixin said, China’s Shimao Group Holdings has put on sale all of its real estate projects, including residential and commercial properties. The development marks the Chinese property developer accelerating asset disposals following cash shortages. Shimao, which defaulted… Read More ›
asset disposals
French retailer Casino to sell off non-core assets worth $2 billion to reduce debt
This planned sales come on top existing plans to sell non-core assets worth 2.5 billion euros by the first quarter of 2020. On Tuesday, French supermarket retailer Casino stated, it plans on cutting its debt while improving its financial performance… Read More ›