trending Market Intelligence /marketintelligence/en/news-insights/trending/k6zkZ7Ll_1PTsnpGY_RQzA2 content esgSubNav
In This List

Greenland Hong Kong Holdings shareholders approve sale of property developer

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Greenland Hong Kong Holdings shareholders approve sale of property developer

Greenland Hong Kong Holdings Ltd. shareholders approved the company's sale of its Chinese property development subsidiary, Nanchang Shenyang Real Properties Ltd., to Greenland Holdings Corp. Ltd. for US$283 million.

Nanchang Shenyang develops residential properties in the Xihu District and the new town area in Chaoyang District in the city of Nanchang, China. The properties cover 475,000 square meters, and most units have been pre-sold.

Greenland Hong Kong will use the proceeds from the sale for business developments and general working capital.