16.07.2009 - Asian investors eye Australian property
From Thestar.com.my: It’s failed and saddled with debt, but Li Zhang, a Chinese investment manager who came to Australia about 20 years ago, sees a lot of potential in shopping mall owner Centro Properties Group. Zhang, his friends, relatives, and some companies in China as well as in Australia have pitched in as much as A$50mil to buy an 11.8% stake in Centro. As Centro continues to face refinancing issues, Zhang says his group is even trying to line up a Chinese bank to shoulder Centro’s debt........Full Article: Source