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China New Town Development Co Ltd
China New Town Development Company Limited (the “Company”)(Stock Code: 1278.hk/D4N.si) was incorporated in the British Virgin Islands in January 2006 and our first project located in Shanghai was incepted in 2002 by Shanghai Golden Luodian Development Company Limited. The Company has been listed on the Singapore Exchange Securities Trading Limited since 14 November 2007 and dual listed on The Stock Exchange of Hong Kong Limited on 22 October 2010. The Company became the subsidiary of SRE Group Limited (1207.hk) in 2009.We have a distinctive business model that, through joint venture partnership with local government entities, we turn bare land into valuable land resources and receive a significant portion of land sale proceeds from the relevant PRC land authorities once the land plots are sold to third party property developers through public auction, tender or listing. In the new town development process, we have exclusive development and management rights and are not only responsible for master town planning, land preparation, infrastructure construction, but also nurturing long term town value through building high quality facilities and introducing premium brands and leading real estate developers. We currently have three new town projects, located in Shanghai, Wuxi and Shenyang respectively, with total site area of approximately 36 sq.km.
|Address||Suite 2503, Convention Plaza Office Tower No. 1, Harbour Road Wanchai, Hong Kong|
|Holding||No Holding Details|
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