Time is money for Chinese property developer

Shui On Land bought time to speed up its property developing projects in China.

Time is money for Chinese property developer

Sometimes a chief financial officer is appointed to a company at the perfect time. That was the case for Hong Kong-listed Shui On Land, which appointed Daniel Wan in 2009, just when it most needed an experienced CFO.

Indeed, Wan described the timing of his appointment at the Shanghai-based property developer in March 2009 as “critical” because the company was short of cash to continue operations. “Property developers with projects in mainland China are...

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