Slimmed-down share sale darkens outlook for China Evergrande’s cash dash

HONG KONG (Reuters) – China Evergrande Group, the country’s most indebted property developer, on Wednesday said it has raised $555 million in a secondary share sale, settling for half its initial target and sparking a 16% drop in its share price.

FILE PHOTO: The logo of China Evergrande Group is seen in an exterior view of the China Evergrande Centre in Hong Kong, China, March 26, 2018. REUTERS/Bobby Yip/File Photo

To help pay debt, the firm sold 260.65 million shares at HK$16.50 ($2.13) each – the low end of a price range flagged by its bankers in a term sheet when the deal launched on Tuesday.

Evergrande has been scrambling to raise cash as China’s government tackles what it considers excessive borrowing in the real estate development sector with new debt-ratio caps.

Since August, the developer has raised $3 billion in pre-IPO funding for a

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Hospitality Real Estate Sector In United Kingdom Market Status, Analysis and Business Outlook | 2020-2025

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (Market Insight Reports) —
The Hospitality Real Estate Sector In United Kingdom Market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

Top Companies in the Global Hospitality Real Estate Sector In United Kingdom Market are Premier Inn, InterContinental Hotels Group PLC, Travelodge, Accor S.A, Hilton Hotels & Resorts, Britannia Hotels, Choice Hotels International Inc, Covivio, London & Regional Properties, LRC Group, Vivion Capital Partners, Brookfield AM, Cola Holdings and others.

Click the link to get a Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/04061951111/hospitality-real-estate-sector-in-united-kingdom-growth-trends-and-forecast-2020-2025/inquiry?source=MW&Mode=68

Key Market Trends

The Budget-Hotel is Making

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US Real Estate Appraisal Market Global Competition and Business Outlook 2020 to 2022

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (Market Insight Reports) —
The Market Insights Reports has published the obtainability of a new statistical data to its repository titled as, Real Estate Appraisal Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.

You can click on the link to get a copy of the sample report:

https://www.marketinsightsreports.com/reports/0926871235/the-us-real-estate-appraisal-market-2018-2022-edition/inquiry?Mode=28

Top Key Players in the US Real Estate Appraisal Market: CoreLogic, Inc., Real Matters, Inc., Wells Fargo & Company, JP Morgan Chase & Co. and Other.

Real Estate Appraisal Market Scope:

The report titled The US Real

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Kingfisher, owner of B&Q, results H1, H2 outlook

Kingfisher (KGF.L), owner of DIY giant B&Q, reported a surge in pre-tax profit and online sales as Brits rush to renovate their homes amid the coronavirus pandemic.

The group said in its first half results statement that while sales were down 1.1%, reflecting an adverse impact of COVID-19 in the first quarter, this was partially offset by strong recovery in Q2.

Like-for-like sales also fell 1.6% in the first quarter but growth in B&Q across Poland and Romania and a 19.5% surge in sales in the second quarter offset some of the pain.

E-commerce sales also rocketed 164% and now accounts for 19% of total group sales in the first half of 2020, as people turned to online shopping during the coronavirus lockdown.

Retail profit also rose 17.7%, largely driven by lower overall costs and B&Q performance while adjusted pre-tax profit rose 23.1%.

“We delivered a resilient financial performance in

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Strong Home Prices Expected to Continue Through at Least 2021, But Economic Uncertainty is Clouding Long-Term Outlook

The MarketWatch News Department was not involved in the creation of this content.

SEATTLE, Sept. 24, 2020 /PRNewswire via COMTEX/ —
SEATTLE, Sept. 24, 2020 /PRNewswire/ — After watching the for-sale housing market largely shrug off the potential impacts of the coronavirus pandemic this summer, a panel of experts is singing a much more bullish tune about short-term home price performance than in the spring. But a few clouds appear when looking further out. Skepticism remains in the long term with elevated unemployment expected to persist into the next decade. 

The Zillow® Home Price Expectations Surveyi, sponsored by Zillow and conducted quarterly by Pulsenomics LLC, asks more than 100 economists, investment strategists and real estate experts for their predictions about the U.S. housing market. The Q3 survey focused on the short- and long-term outlook for home prices, as well as expectations for U.S. unemployment. 

Just three months ago,

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