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Ying Li's RMB3.3b deal: Time for a dividend?

With a pro forma gain of S$70 million from sale of Chongqing project, company could consider a payout to long-suffering minorities

Published Thu, Nov 30, 2017 · 09:50 PM

Hock Lock Siew

THE deal price might disappoint expectations, but it is just as well that Ying Li International Real Estate managed to sell one of its Chongqing commercial developments at a slight profit.

With vacancy rates well above 40 per cent in Chongqing's prime Grade A and Grade B office space, and significant upcoming supply, the market won't be improving anytime soon.

The market is unimpressed, however. Right after a unit of China Evergrande agreed to buy Ying Li's International Commercia…