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Hong Kong Builder Emperor Revises Debt Plan, Seeks Loan Extensions
Hong Kong Builder Emperor Revises Debt Plan, Seeks Loan Extensions

Mint

timea day ago

  • Business
  • Mint

Hong Kong Builder Emperor Revises Debt Plan, Seeks Loan Extensions

(Bloomberg) -- Hong Kong's property slump is weighing on a range of local developers, with a well-known but smaller-scale builder the latest to seek relief from creditors. Emperor International Holdings Ltd. has sent a revised debt restructuring proposal to some lenders in recent days, seeking to extend the maturity of its bank borrowings to Dec. 31, 2027, according to people familiar with the matter. The company earlier reported that it had HK$16.6 billion ($2.1 billion) in overdue bank loans, breaching certain terms on the facility agreements. Banks with a majority interest in Emperor's loans have formed a coordination committee to negotiate restructuring terms with the company, the people said, asking not to be identified discussing private matters. No agreement has been reached so far despite months of talks, they added. Emperor International is the property arm of conglomerate Emperor Group, known for its luxury watch business and its entertainment unit, which manages a stable of local celebrities, including Nicholas Tse and Joey Yung, according to its website. The company's debt woes reflect the widespread impact of Hong Kong's years-long property slump, which has left real estate giants such as New World Development Co. and smaller firms like Emperor and Grand Ming Group Holdings Ltd. struggling to stay afloat. Property prices in the city have plummeted by around 30% over the past four years, reaching a nine-year low as banks have tightened credit lines, according to Bloomberg-compiled data. Property developers are navigating industry-wide pressure and Emperor International is no exception, but continues to operate as usual, with constructive negotiations underway for some time with banks to amend terms, and normal financial procedures are currently being processed, the company said in an emailed statement in response to a Bloomberg inquiry about its debt talks. The company also said that it maintains a healthy balance sheet position. The latest revision came after banks rejected an earlier proposal the company sent in March, the people added. Under the previous plan, Emperor had sought a three-year extension on the borrowings and offered second-lien mortgages on some of its commercial real estate in Hong Kong as a credit enhancement, the people said. Emperor, which owns residential properties and office towers in Hong Kong, Beijing and overseas, also offered about HK$77 million in fresh funding to service debt repayment in its earlier proposal, but banks demanded more upfront funds, the people added. The developer has missed interest payments on some loans since last year, people familiar with the matter said. Emperor said in June that it was negotiating with banks on a restructuring plan. As of March 31, 2025, Emperor had net current liabilities of HK$13.08 billion, versus cash, bank balances and bank deposits of HK$639.6 million, according to its most recent annual results. The company has a market capitalization of HK$1.13 billion, according to Bloomberg-compiled data. More stories like this are available on

Tarot Card Predictions Today, July 17, 2025: Cards predict success for these zodiac signs
Tarot Card Predictions Today, July 17, 2025: Cards predict success for these zodiac signs

Time of India

time3 days ago

  • General
  • Time of India

Tarot Card Predictions Today, July 17, 2025: Cards predict success for these zodiac signs

Let the cards guide you today! Your tarot reading offers insight into love, career, and personal growth. Take the message to heart and move through the day with confidence and clarity. Trust the process and let the cards reveal what you need to know. Aries Tarot Horoscope Today Today's Tarot Card: The High Priestess Your body holds deep wisdom today. When you feel uneasy or light within, it's your truth gently guiding you. Trust those sensations as clues to what is right or wrong for you. Logic might confuse, but your instincts won't. Pause and listen carefully to your inner voice—it knows the path better than your mind. Don't ignore what your body tells you when near the truth. It is your strongest compass. Lucky Advice: Trust your body's quiet wisdom. Taurus Tarot Horoscope Today Today's Tarot Card: The Emperor You may feel pressure to meet others' expectations today, but remember, you are not obligated to carry what no longer serves you. It's okay to say no to demands that drain your energy or cloud your peace. Your strength lies in setting boundaries and honouring your own needs. Stand firm in your choices, even if others don't understand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Believe It Or Not, This Household Ingredient Fades Your Dark Spots While You Sleep Undo Protect your space and your heart. This is your right and your power. Lucky Advice: Boundaries protect your peace and power. Gemini Tarot Horoscope Today Today's Tarot Card: The Star Are your actions rooted in hope and growth? Remember, small positive steps build the foundation for a brighter tomorrow. Act with kindness, honesty and courage—even in tiny moments. Your energy today will ripple into your future life. Choose wisely and lovingly, knowing that you are shaping who you will become. Lucky Advice: Choose today with your future in mind. Cancer Tarot Horoscope Today Today's Tarot Card: Death Loving someone doesn't mean holding on forever. Today reminds you that you can care deeply and still let go when needed. Sometimes, love is releasing what no longer fits your path or heart. Letting go is not failure; it's a brave step toward your own healing and growth. Trust that love stays in your heart even when people or situations leave your life. Lucky Advice: Let go gently with love intact. Leo Tarot Horoscope Today Today's Tarot Card: Queen of Cups You are going through an emotional upgrade, and it asks for your gentleness today. You might feel waves of sensitivity or shifts in how you relate to others and yourself. Honour these changes as growth, not weakness. Let yourself feel deeply without rushing or judging. Your heart is expanding, preparing you for new levels of compassion and clarity. Be patient and kind with yourself in this process—this gentle unfolding is your true strength. Lucky Advice: Nurture your heart with tender care. Virgo Tarot Horoscope Today Today's Tarot Card: Two of Pentacles Where you place your focus today shapes how you feel emotionally. If you choose worries, you may feel restless. If you choose gratitude or calm, your heart will soften. The tarot encourages you to be mindful of your thoughts and energy. Balance your attention between tasks and self-care. Your emotions will follow your lead, so choose kindly. This awareness can help you create peace even when the day feels busy or uncertain. Lucky Advice: Focus shapes your emotional world. Libra Tarot Horoscope Today Today's Tarot Card: The Lovers Control may feel like a safe option today, but real connection comes from surrender and trust. When you release the need to manage every outcome, you invite deeper relationships and understanding. Let vulnerability be your guide in conversations and choices. Your openness will bring harmony, even in challenging moments. Choose to connect from your heart, not your fear. Lucky Advice: Connection grows when control fades. Scorpio Tarot Horoscope Today Today's Tarot Card: The World Your soul knows its own rhythm, and today you're reminded to trust it fully. You don't need to rush or fight the flow. When you move in harmony with your inner timing, everything unfolds with ease and grace. Let go of comparing yourself to others' pace or expectations. Your journey is unique and perfect for you. Trust that completing this cycle prepares you for something new and beautiful. Lucky Advice: Move with the flow of your soul. Sagittarius Tarot Horoscope Today Today's Tarot Card: The Fool You are not too much—you are deeply alive and vibrant. Your energy and enthusiasm bring light to those around you, even if sometimes it feels overwhelming. Today, embrace your full self without apologies. Your passion is a gift, not a burden. Trust that your boldness will lead you exactly where you need to be. You don't need to dim your spark for others to feel comfortable. Shine bright and own your space fully. Lucky Advice: Your energy is a beautiful strength. Capricorn Tarot Horoscope Today Today's Tarot Card: Ace of Wands A new idea may spark surprising motivation today. You could feel a sudden surge of inspiration that encourages you to start fresh or push through a block. Don't dismiss this energy as fleeting—it's your creative power awakening. Follow that spark, no matter how small it seems. Taking action now can lead to breakthroughs and renewed passion. Trust your instincts and embrace this fresh wave of enthusiasm to propel you forward. Lucky Advice: Ignite your passion with fresh ideas. Aquarius Tarot Horoscope Today Today's Tarot Card: The Hierophant Let today be about finding meaning beyond the tasks. Sometimes we rush through our to-do list without feeling connected to why we do what we do. Today, pause and ask what purpose your actions serve. Seek wisdom in simple moments and find connection in routine. When your work aligns with your values, it brings peace and fulfilment. You have the power to turn ordinary into sacred by choosing intention over speed. Lucky Advice: Find meaning in everyday moments today. Pisces Tarot Horoscope Today Today's Tarot Card: The Moon When your mind feels restless or your emotions unsettled, return to your breath. Deep, steady breathing grounds you in the present and calms the swirling thoughts. Your intuition is strong, but it needs quiet to be heard clearly. Let yourself pause and breathe deeply several times today. This simple practice will help you feel centered and open to guidance, even when the path feels unclear. Trust that your inner light is steady beneath the surface. Lucky Advice: Breathe deeply to calm your mind. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.

Style Edit: Chaumet's Jewels by Nature high jewellery collection salutes the blooms and bees in 3 sparkling chapters
Style Edit: Chaumet's Jewels by Nature high jewellery collection salutes the blooms and bees in 3 sparkling chapters

South China Morning Post

time6 days ago

  • Entertainment
  • South China Morning Post

Style Edit: Chaumet's Jewels by Nature high jewellery collection salutes the blooms and bees in 3 sparkling chapters

Chaumet's latest high jewellery collection, Jewels by Nature (Joyaux par Nature), is a dazzling ode to the natural world – a 54-piece tribute to the beauty found in plants and animals, and the quiet poetry of their transformations. Told across three chapters, the collection explores how flora and fauna have long shaped the maison's identity, linking Chaumet's botanical tradition with contemporary craftsmanship and emotion. Chaumet's Fairy Iris necklace and brooch. Photo: Handout The bee – Chaumet's eternal muse – flits between chapters. Once chosen by Emperor Napoleon I as an imperial emblem, the bee now reappears in the form of seven intricate brooches. Each one captures the insect mid-flight, its wings set with coloured stones and honeycomb-inspired claws that speak to the bee's vital role as one of nature's key pollinators. Advertisement The making of Chaumet's Bee brooch. Photo: Handout Among the collection's highlights is the Wild Rose parure, rooted in a 1922 tiara design. A modern take on this heritage piece sees yellow diamonds sparkle with naturalistic finesse. An 8.23-carat fancy vivid yellow stone anchors a necklace that can be worn three ways, while matching earrings sparkle with more than five carats of golden radiance. Chaumet's Wild Rose transformable necklace. Photo: Handout Equally captivating is the Sword-lily chapter, where Mozambique rubies erupt from a diamond-laced necklace – vines entwine with rubies that seem to float, thanks to Chaumet's signature fil couteau technique. The flower's elegance extends to a secret watch, where enamel work by Anita Porchet reveals layers of scarlet depth beneath a ruby heart. Chaumet's Sword-lily necklace. Photo: Handout Sweetshrub, a lesser-known bloom, takes centre stage in a pearl-studded necklace crowned by a 44.23-carat spinel – the soft pinks and violets like a watercolour painting. It's a nod to the house's long-standing affinity with pearls, stretching back to Napoleon's court.

Your Daily Career Tarot Card Reading for July 10th, 2025
Your Daily Career Tarot Card Reading for July 10th, 2025

UAE Moments

time10-07-2025

  • Entertainment
  • UAE Moments

Your Daily Career Tarot Card Reading for July 10th, 2025

10.7.25 The Emperor: While it's great to stick with a plan, there are times when it helps to be flexible. Drawing this card might be a hint that you're getting too rigid and need to loosen up a bit. Allowing room for spontaneity or intuitive awareness might bring superior results. Try to strike a balance between maintaining a disciplined approach and being open to inspiration and you'll do just fine.

Tarot Horoscope Today, July 06, 2025: Daily Predictions for All Zodiac Signs
Tarot Horoscope Today, July 06, 2025: Daily Predictions for All Zodiac Signs

Time of India

time06-07-2025

  • General
  • Time of India

Tarot Horoscope Today, July 06, 2025: Daily Predictions for All Zodiac Signs

Let the cards guide you today! Your tarot reading offers insight into love, career, and personal growth. Take the message to heart and move through the day with confidence and clarity. Trust the process and let the cards reveal what you need to know. Aries Tarot Horoscope Today Today's Tarot Card: The Emperor Today, you may find clarity in a place you didn't expect. What looked difficult earlier now appears simple when you see it with fresh eyes. You are in control of your choices, and small shifts in your thinking can open big doors. Trust your instincts but allow room for new ideas to enter. An elder's advice could hold hidden wisdom. It's time to stop overthinking and start believing in your inner strength. Let go of what isn't yours to carry. Lucky Advice: Simplify before taking next step. Taurus Tarot Horoscope Today Today's Tarot Card: The Hierophant A connection from your past may return, but in a new shape or role. It may not look the same, but the feeling it brings is familiar. Be open to second chances, whether in love, work, or your personal journey. What once felt lost may just have been waiting for the right time. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why seniors are rushing to get this Internet box – here's why! Techno Mag Learn More Undo Listen to your heart with calm patience. Let go of past doubts, and you'll notice growth quietly blooming. Your stability comes from emotional honesty. Lucky Advice: Welcome what returns with peace. Gemini Tarot Horoscope Today Today's Tarot Card: The Lovers You may feel pulled in many directions, but peace will come when you pause. The answers you seek are not loud—they whisper in the stillness. Slow down your thoughts today and spend time in quiet reflection. The truth is not far; it's just beneath the noise. Avoid rushing decisions, especially in personal matters. Let your breath guide you back to what's really important. In slowing down, you'll gain the clarity you need. Lucky Advice: Silence helps you find truth. Cancer Tarot Horoscope Today Today's Tarot Card: The Chariot Today, your confidence rises when you stay true to what you really believe in. No need to prove anything to others. Walk your path with head held high. Emotional strength is your gift, and when you speak your truth, you inspire others too. Let your heart lead the way. Honour what feels right, not what others expect. When you trust yourself fully, success naturally follows. Lucky Advice: Be proud of your truth. Leo Tarot Horoscope Today Today's Tarot Card: Strength Your peace is precious today. Avoid anything or anyone that disturbs your calm. Protect your energy like it's sacred, because it is. Not everything deserves your reaction. Some things are best left with silence. You don't need to explain yourself to anyone. A calm spirit will show you the right direction more clearly than anger ever can. Listen to what brings joy and let go of the rest. Lucky Advice: Silence keeps your power safe. Virgo Tarot Horoscope Today Today's Tarot Card: The Hermit Logic may fail where your heart speaks today. Not everything will make sense on paper, but that doesn't mean it's wrong. Trust your inner feeling, especially in matters of love and emotions. A quiet voice inside is guiding you gently—don't ignore it. You may feel the urge to overthink, but simplicity will bring better results. Surrender a little, and you might receive more than you imagined. Lucky Advice: Feel more, think a little less. Libra Tarot Horoscope Today Today's Tarot Card: Justice You may feel caught between choices, but this pause is a gift, not a block. Something deep inside is shifting, guiding you toward balance. Don't force decisions today—clarity will come when your heart and mind align. You're not stuck, you're simply realigning. Trust that even silence is part of your path. Answers will appear when you stop chasing and start listening within. Let go of pressure, and allow space for new light to enter. Lucky Advice: Pause before rushing into decisions. Scorpio Tarot Horoscope Today Today's Tarot Card: Death You are ready to release something that no longer belongs in your life. Letting go now will bring a surprising feeling of lightness, not loss. Whether it's a habit, fear, or memory—it's time to free yourself. This release will not only lift your mood but also clear space for something more peaceful to arrive. Trust this natural ending, it carries deep healing. You may feel emotional today, but it's leading you to brighter energy. Lucky Advice: Let go to welcome peace. Sagittarius Tarot Horoscope Today Today's Tarot Card: Temperance Even a small step today holds the power to shape your future. A choice made with care will create harmony in the long run. Don't rush through decisions, especially around relationships or responsibilities. You don't need to fix everything today, but one thoughtful action will open a meaningful path. Stay steady, stay kind. Balance is not a destination—it's something you create in small moments. Lucky Advice: Choose wisely, even in small things. Capricorn Tarot Horoscope Today Today's Tarot Card: The Devil Honesty is your strength today, especially when it's with yourself. Stop ignoring the feelings you've been pushing aside. Facing the truth may not feel easy, but it will give you freedom. The more you accept your emotions, the more power you regain. You've been holding back, maybe out of fear or habit—but today is a good day to be real. When you stop pretending, healing begins. Lucky Advice: Truth brings light to your path. Aquarius Tarot Horoscope Today Today's Tarot Card: The Star Today, take action rather than letting worry control you. Your thoughts may be spinning, but peace will come through movement. Even one small effort can remind you of your strength. Don't waste energy thinking of every outcome—focus on what you can do now. The universe is listening, but it answers through your steps. Trust your journey, and act with belief, not doubt. Lucky Advice: Do something before overthinking everything. Pisces Tarot Horoscope Today Today's Tarot Card: The Moon Growth is happening, even if it feels slow or invisible right now. Your heart is shifting in deep ways, even if the outer results are still forming. Be patient with yourself. Keep showing up, even when the path feels unclear. You're being shaped into something stronger, softer, and more honest. Don't lose hope because the changes are quiet. Your dreams are still working. Lucky Advice: Trust your process with soft patience. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .

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