Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile2 entries
2025
Overdue loan triggers cross-default of about HK$9.2 billion
At the end of 2024, Hopson Development had an overdue loan of HK$941 million, triggering cross-default on about HK$9.269 billion in borrowings, and its rating was downgraded to CCC. The liquidity crisis intensified.
2025
Luxury homeowners in Shanghai and Beijing defend rights
Owners of Shanghai Suhewan No.1 and Manyun Shanghai are defending their rights and suing over issues including delayed delivery and downgraded specifications; owners of Manhe Beijing paid more than RMB 60 million for homes two years ago but have been unable to complete online signing and obtain certificates because the property mortgage has not been released. Owners plan a class action.