Property News · March 19, 2017

Greentown’s house building unit plans overseas IPO


Greentown Real Estate Construction & Management Group, the house building unit of Hangzhou-based developer Greentown China Holdings, is seeking an initial public offering overseas in the near future, according to its general manager, Li Jun.
The unit, which builds homes on land acquired by other parties and collects management fees, is the second largest of Greentown’s four subsidiaries in terms of contracted sales, after the group’s development arm.
Its business model is vastly…

Source : South China Morning Post
Read more…Greentown’s house building unit plans overseas IPO

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