Hong Kong court orders wind-up of China’s DaFa Properties

18 Oct 2024 CW Team

The Hong Kong High Court has ordered the liquidation of Chinese residential property developer DaFa Properties Group and its subsidiary, YinYi Holdings (Hong Kong), according to an exchange filing.

The winding-up petition was initiated in February by China Construction Bank (Asia) over $360 million in unpaid 12.375% senior notes, which were due in 2022. The financial troubles faced by DaFa Properties reflect the growing wave of insolvency cases among Chinese developers, with companies like Country Garden facing similar lawsuits and China Evergrande Group already ordered into liquidation earlier this year.

Last month, DaFa indicated it was exploring options, including a potential debt restructuring plan, in an effort to address creditor concerns. However, following the court's liquidation order, trading in the company’s shares remains suspended.

(ET)

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..