Tag Archives: Property

LeEco Gets Fresh $2.18 Billion Investment From Property Developer Sunac

Chinese technology conglomerate LeEco has secured a new round of investment worth CNY 15.04 billion ($2.2 billion or roughly Rs. 14,856 crores) from property developer Sunac China Holdings, according to a stock exchange statement made by Sunac on Friday. Last year LeEco’s founder and chairman Jia Yueting said that his company was facing financial obstacles due to the rapid pace ... Read More »

Loans Against Property Pose Increasing Risks: Moody’s

New Delhi: Moody’s Investors Service on Friday said the overall asset profile of property retail loan portfolio of banks is stable although risks are rising in the non-traditional loan against property segment. “Growth in loan against property (LAP) loans has outpaced overall retail credit growth in recent years, but relatively loose underwriting practices and a tightening in credit following India’s ... Read More »