The country’s 11th biggest bank, already under scrutiny from regulators, has an alarming amount of exposure to real estate loans, and it’s not alone

The Chinese developer has struggled with several U.S. projects after making $3.5 billion of real estate investments in the country

As debt-laden Oceanwide Holdings offers 30% Minsheng stake for $827 million to cover a $291 million default, bidders include Soochow Securities and Zheshang Securities

After spending $3.5 billion on U.S. projects, the company has battled to recoup its overseas outlays and revive its mainland China operations

Another big Chinese property developer is also facing a ticking clock, tied to projects in Manhattan, Los Angeles and Hawaii

The deadline for Oceanwide’s proposed purchase of Genworth Financial has been extended 15 times, has been pending longer than any other U.S. takeover worth over $1 billion

Developer scrambles to find loans as Beijing tightens capital controls amid trade war

Purchase from rival Oceanside continues three-year-old strategy of controlling risk in face of tight credit and regulation

Deadline for Oceanwide’s acquisition of Genworth Financial pushed back to April