5 Followers HKEX:832 - Central China Real Estate Ltd Central China Real Estate Ltd
Sector: Real Estate, Industry: Real Estate Development
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16 Sep 2021


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General

CEO: Mr. Po Sum Wu

Headquarters: HK

Employees: 3,494

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Description

Central China Real Estate is a China property developer founded by chairman Wu Po Sum in 1992 and listed on the Hong Kong Stock Exchange in 2008. Differentiated from most other listed Chinese developers with a nationwide presence, CCRE is focused primarily in Henan province. The company’s coverage is spread across Henan’s prefecture and county-level cities, as well as a small presence in Hainan. Zhengzhou is a key market for the company, contributing the highest contracted sales and salable inventory among cities in Henan. The company has spun off its asset-light project management business and seeks geographical expansion via its Greater Central China Strategy for growth. Wu owns the controlling stake of about 74.9% in CCRE.