Chiwayland making foray into US property market
Singapore
CHIWAYLAND International is taking its first step into the US property market with a half-stake in a joint venture to develop a US$69 million residential and hotel project in Los Angeles.
The China and Australia-focused company said that it plans to convene an extraordinary general meeting in August to seek shareholders' approval for expansion into North America, Western Europe and Asia. The company said that it has "earmarked" revenue contribution from overseas projects to be at least 50 per cent within the next five years.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong regulator brings insider trading charges against Segantii and its founder
Novartis to buy radiology specialist Mariana Oncology for US$1 billion
Moderna beats quarterly estimates as cost-cutting pares losses
Weight-loss drugmaker Novo Nordisk's profits soar further
Hugo Boss profit tops expectations, but China lags
DBS customers unable to login to Digibank, PayLah! on Thursday