Chinese Property Managers May Offer Needed Cash to Builders: S&P

Healthy real-estate managers in China may seek to buy such operations from distressed developers, said S&P, as the country’s property operators also seek to buy out each other amid a limited number of new projects.

• Builders would prop up their finances at the expense of property managers by selling the management arms, said credit analyst Jay Lau in a research note
• Dealmaking likely to be active this year, with recent buyers having included Country Garden Services and China Resources Mixc: S&P
  • Property managers expected to start exploring debt financing to fund growth efforts with onshore stock market having cooled ...