1 Followers HKEX:3900 - Greentown China Holdings Ltd Greentown China Holdings Ltd
Sector: Real Estate, Industry: Real Estate Development
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18 May 2022


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General

CEO: Mr. Yadong Zhang

IPO: 2006-07-13

Headquarters: HK

Employees: 10,120

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Description

Greentown China Holdings, or Greentown, is a China property developer headquartered in Hangzhou. Founded by Song Weiping, the company listed on the Hong Kong Stock Exchange in 2006. Predominantly a property developer known for high-end residential projects with landbank geographically focused in Zhejiang and the Bohai Rim, Greentown is also noted for being one of the first developers to embark on the asset-light construction management model to generate development fee income from third-party construction and project management services. In June 2012, Wharf entered as a strategic shareholder of the company, with a 24.9% stake as of 2019. Subsequently in December 2014, China Communications Construction Group became Greentown's largest strategic shareholder, with a 28.8% stake as of 2019.

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