China’s former richest man is offloading another overseas asset to reduce his conglomerate’s debt.
For close to five decades, the four Hinduja brothers, Srichand, Gopichand, Prakash and Ashok, have presented a united front to the world. But behind the scenes, differences were simmering that spilled out into the open last week.
Xintiandi, launched in a dilapidated part of central Shanghai in the 1990s, is today an iconic tourist and nightlife district that attracts thousands of visitors daily
“We see this reduced activity continuing into the second quarter, with trading volumes likely to bounce back more strongly in the second half of the year,” said Stuart Crow, CEO, Capital Markets, Asia Pacific at JLL.