China Property Developer $3.5 Billion Greentown China Share Price Decreased -8.8% after Change of Leadership, New Chairman is China Communications Construction Deputy General Manager Liu Chengyun, China Communications Construction Became Greentown China Largest Shareholder in 2015, Greentown China Founded in 1995 by Song Weiping & IPO on Hong Kong Exchange in 2006
29th March 2025 | Hong Kong
China property developer Greentown China ($3.5 billion market value) share price has decreased -8.8% (21/3/25 to 28/3/25) after announcement on the change of leadership, with the new Chairman appointed is China Communications Construction Deputy General Manager Liu Chengyun. China Communications Construction Group (CCCG) became Greentown China largest shareholder in 2015. Greentown China was founded in 1995 by Song Weiping, and IPO on Hong Kong Exchange in 2006. Profile – Greentown China Holdings Limited was founded in Hangzhou, China in January 1995 and listed on the Hong Kong Stock Exchange in July 2006. Wharf and CCCG were introduced as substantial shareholders successively. As at 23 August 2024, Greentown China’s single largest shareholder, was interested in approximately 28.97% of the total issued share capital of the Company. Throughout 29 years of development, the Company has adhered to the development strategy of “quality first” and developed the upstream and downstream of the real estate business to form three major segments, namely asset-heavy, asset-light and “Greentown+”. The asset-heavy segment focuses on the real estate development business, and actively builds its featured real estate businesses, including town projects, urban renewal projects and other businesses, on the foundation of its traditional development business. The asset-light segment strengthens the project management business. In July 2020, Greentown Management Holdings Company Limited was officially spun off and listed separately on the Main Board of the Stock Exchange (stock code: 09979), with a market share ranking far ahead in the industry. The “Greentown+” segment develops and cultivates the industry chain business of real estate and establishes an industrial ecosystem to collaborate and empower its main business. Being a professional developer of premium properties in China, Greentown China has always insisted on innovation and continued to explore the relationship between humans and their living space. Through creating aesthetically pleasing architecture, Greentown China is committed to building a better life for more people. Based in Zhejiang, the Company focuses its attention on core areas as well as cultivating footprints in first- and second-tier cities and high quality third- and fourth-tier cities. Leveraging its superior development quality, premium land bank, highly effective organizational structure and high-calibre management team, Greentown China has established its brand image in all the cities where it operates. The rich experience that Greentown has accumulated in developing numerous high-quality projects together with its outstanding operational capabilities has served to provide strong momentum for its sustainable development.
“ China Property Developer $3.5 Billion Greentown China Share Price Decreased -8.8% after Change of Leadership, New Chairman is China Communications Construction Deputy General Manager Liu Chengyun, China Communications Construction Became Greentown China Largest Shareholder in 2015, Greentown China Founded in 1995 & IPO on Hong Kong Exchange in 2006 “
China Property Developer $3.5 Billion Greentown China Share Price Decreased -8.8% after Change of Leadership, New Chairman is China Communications Construction Deputy General Manager Liu Chengyun, China Communications Construction Became Greentown China Largest Shareholder in 2015, Greentown China Founded in 1995 & IPO on Hong Kong Exchange in 2006
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