Property News · September 16, 2018

Shanghai-owned Greenland to emerge as the white knight in Hsin Chong’s financial woes


A construction company mostly owned by the Shanghai municipal government is in talks to take over control of one of Hong Kong’s oldest builders, using the listing status of Hsin Chong Group Holdings as the platform for fundraising and for bidding for infrastructure work along China’s belt and road project.
Greenland Holdings, 46.4 per cent owned by the Shanghai government, is in discussions to take over 100 per cent of Hsin Chong Construction Group, as well as the majority stake of…

Source : South China Morning Post
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