Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Latest News
 Search News  Or
Shui On Land to list China’s commercial properties in HK

May. 30, 2012 (China Knowledge) - Shui On Land Ltd<0272>, the flagship property developer of Shui On Group and controlled by Hong Kong billionaire Vincent Lo, has announced plans to spin off its Chinese shopping and commercial development business, Xintiandi, through an initial public offering in Hong Kong.

In a statement filed with the Hong Kong Stock Exchange, Shui On Land said Xintiandi will focus on commercial developments of upscale projects in mainland China, adding that proceeds from the IPO would will used for acquisitions and investments in commercial properties and to settle outstanding debts.

The proposed IPO, however, is still subject to approval from Shui On Land's board of directors. No more details have been disclosed.

Besides its flagship in Shanghai, Xintiandi owns projects in many Chinese major cities such as Hangzhou of Zhejiang Province, Wuhan of Hubei Province, Dalian of Liaoning Province and Foshan of Guangdong Province.

In 2011, Shui On Land earned RMB 3.43 billion in net profit attributable to shareholders, up 22% YoY, and the firm's operating revenue for last year surged 74% YoY to RMB 8.48 billion.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved