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yang huiyan

July 10, 2015

China’s Country Garden Holdings to spin off property division; Vincent Bolloré causes uproar with leaked memos; and Heineken returns to Myanmar after twenty-year absence

China’s Country Garden Holdings to spin off property division

Chinese real estate conglomerate Country Garden Holdings, owned by the country’s second richest woman Yang Huiyan, is planning to spin off its property management business in order to raise capital.

The Foshan-based company is shoring up its balance sheets after a pickup in property sales and will sell 6 billion yuan ($966 million) of onshore three-year bonds as part of the capital raise, chief financial officer Wu Jianbin told Bloomberg.

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