24 Dec 2025

China Vanke, a major state backed property developer, has sought further bond repayment relief in a move reflecting ongoing cash and liquidity pressures in the sector. Bondholders recently rejected its bid to delay the repayment of a 2 billion yuan onshore note by a year, even after Shenzhen Metro provided 22 billion yuan in support. They did approve extending the grace period to 30 trading days, giving Vanke extra time to negotiate. The company is also seeking similar extensions for a 3.7 billion yuan note. Analysts say this pattern mirrors strategies used by other Chinese developers before full debt restructuring becomes necessary.Read more

24 Dec 2025

Seatrium and Maersk have resolved a USD 475 million contract dispute over an offshore wind vessel meant for a U.S. project. Maersk had terminated the contract in October due to construction delays, leaving payment details uncertain. Under the agreement, Maersk will pay USD 360 million, with USD 250 million through a 10-year interest-bearing credit repayable from the vessel's revenue. Both parties have withdrawn all legal proceedings. The vessel is now 99.8% complete, allowing the project to move forward and supporting continued investment in U.S. renewable energy infrastructure.Read more

24 Dec 2025

Nivika Fastigheter AB has carried out a portfolio adjustment in Jonkoping by selling residential and office properties valued at SEK 597 million and acquiring four commercial properties worth about SEK 100 million. The move forms part of the company's broader strategy to refine its asset mix and focus on properties that support stable long-term performance. Jonkoping continues to be an important market for Nivika, and the transactions highlight its approach of recycling capital through selective divestments and reinvestments within established regions.Read more

24 Dec 2025

The U.S. Justice Department has reached a settlement with LivCor, a property management firm owned by Blackstone, over allegations of rent collusion. The case relates to claims that major landlords shared non-public rental pricing data through RealPage software to influence rents. Under the settlement, LivCor has agreed not to set rents using competitors confidential information or third-party pricing tools. The agreement is part of a broader government push to protect renters and promote fair competition in the housing market. LivCor settled without admitting wrongdoing. The action follows earlier settlements involving RealPage and other large landlords, highlighting increased regulatory scrutiny of algorithm-driven pricing practices in the U.S. rental housing sector.Read more

24 Dec 2025

Enterprise software major ServiceNow has agreed to acquire cybersecurity startup Armis in an all-cash deal valued at USD 7.75 billion, strengthening its push to offer integrated, AI-driven security solutions. The acquisition comes amid rising cyber threats and growing enterprise demand for comprehensive risk management platforms. Armis capabilities in device discovery, threat detection and vulnerability prioritisation will be integrated into ServiceNow's AI-powered workflow platform. While the deal triggered short-term investor caution, it reflects ServiceNow's broader strategy of expanding its security, AI and customer relationship management offerings through targeted acquisitions, positioning the company for long-term growth in an increasingly complex digital environment.Read more

24 Dec 2025

Country Garden Holdings Co Ltd has approved the issuance of 135.6 million new shares at an issue price of HKD 0.40 per share under its existing general mandate. The shares were issued to facilitate work fee arrangements and were allotted shortly before the announcement. The transaction does not involve a public offer and falls within previously approved limits. The move comes as the Chinese property developer continues to manage liquidity challenges through measures such as capital restructuring, asset sales, and alternative settlement mechanisms amid a weak real estate market.Read more

24 Dec 2025

Lendlease Group has announced the sale of a AUD 400 million stake in the TRX retail mall, while retaining a 20 percent interest that will be placed under its Investments segment. The retail asset is fully operational and part of Kuala Lumpur's TRX development. The group has also revised the timing of around AUD 1 billion in expected cash inflows, now projected for the second half of FY26 instead of the first half. Separately, the sale of Lendlease's remaining stake in Keyton is progressing through exclusive negotiations with a preferred bidder.Read more

23 Dec 2025

Rithm Property Trust Inc has announced a one-for-six reverse stock split, under which six existing shares will be consolidated into one share. The move, disclosed past week, will not alter the overall value of shareholders & investments, aside from market fluctuations. The company has not flagged any changes to its operations, asset portfolio, or strategy following the split. Such actions are generally aimed at raising the per-share price and maintaining listing compliance. The trust continues to operate within the wider Rithm Capital real estate and credit platform.Read more

23 Dec 2025

Modon Holding PSC has formed a joint venture with related companies and Panepinto Properties for the development of Harborside 4. The company has acquired a majority equity stake in the project, securing a controlling interest. Construction is expected to commence in Q1 2026, with completion targeted for Q1 2029. Financing for the development will be provided by a consortium of banks led by J.P. Morgan. The project reflects Modon's continued focus on long-term real estate developments backed by structured financing and strategic partnerships.Read more

23 Dec 2025

Sri Lankan stocks closed lower in the past week, extending losses for a fourth consecutive session as industrial, real estate and energy stocks remained under pressure. The CSE All Share Index fell 1.1 percent to 21,898.20. While trading volumes improved, market turnover declined to LKR 2.98 billion. Inflation eased slightly in November, but it failed to lift sentiment. SMB Finance PLC and Colombo Dockyard PLC led the losses. Foreign investors were modest net buyers, while domestic investors continued to sell heavily.Read more