{"id":53986,"date":"2017-05-07T20:33:52","date_gmt":"2017-05-07T13:33:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-developer-greentown-agrees-to-sell-two-subsidiaries-for-3-47bn-yuan\/"},"modified":"2017-05-07T20:50:34","modified_gmt":"2017-05-07T13:50:34","slug":"china-developer-greentown-agrees-to-sell-two-subsidiaries-for-3-47bn-yuan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-developer-greentown-agrees-to-sell-two-subsidiaries-for-3-47bn-yuan\/","title":{"rendered":"China developer Greentown agrees to sell two subsidiaries for 3.47bn yuan"},"content":{"rendered":"


\nHangzhou-based developer Greentown China Holdings, the country\u2019s ninth largest developer in terms of sales, has agreed to sell two wholly owned subsidiaries to China Investment for a combined 3.47 billion yuan (US$503 million), according to a Hong Kong stock exchange filing on Sunday.
\nGreentown will sell its entire stake in Greentown Yinshi and Hangzhou Litao for 1.78 billion yuan and 1.69 billion yuan respectively. Both companies hold plots of land located in Chaoyang District in Beijing…
\n
\nSource : South China Morning Post
\nRead more…China developer Greentown agrees to sell two subsidiaries for 3.47bn yuan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hangzhou-based developer Greentown China Holdings, the country\u2019s ninth largest developer in terms of sales, has...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-53986","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-e2K","jetpack-related-posts":[{"id":64766,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-greentown-continues-to-enjoy-dramatic-turnaround-in-fortunes\/","url_meta":{"origin":53986,"position":0},"title":"Developer Greentown continues to enjoy dramatic turnaround in fortunes","date":"August 28, 2017","format":false,"excerpt":"\r Property developer Greentown China Holdings, on the verge of bankruptcy just three years ago, has registered a storming 103.5 per cent rise in profit to 1.228 billion yuan (US$184 million), after record contracted sales last year. The Hangzhou-based company also announced on Monday morning that its basic earnings per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52181,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/greentown-china-holdings-to-launch-4s-stores-for-homes\/","url_meta":{"origin":53986,"position":1},"title":"Greentown China Holdings to launch \u201c4s stores for homes\u201d","date":"April 18, 2017","format":false,"excerpt":"\r Hangzhou-based developer Greentown China Holdings plan to establish a housing services company that specialises in repair work and renovation, on the lines of the 4s stores for cars, to tap into China\u2019s fast-growing existing homes market. With the Chinese government introducing the toughest-ever measures to curb speculation in new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40314,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/greentown-the-latest-chinese-developer-to-expand-overseas-despite-stricter-capital-controls\/","url_meta":{"origin":53986,"position":2},"title":"Greentown the latest Chinese developer to expand overseas despite stricter capital controls","date":"January 11, 2017","format":false,"excerpt":"\r Greentown China Holdings, one of the top 10 Chinese residential developers, announced its aggressive overseas investment plan this week despite mainland residents recently being banned from converting yuan into foreign currencies for overseas property purchases. The Hangzhou based firm set up its first overseas property unit this week, aiming\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52175,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-greentown-china-holdings-expects-2017-to-be-a-window-for-land-acquisitions\/","url_meta":{"origin":53986,"position":3},"title":"Chinese developer Greentown China Holdings expects 2017 to be a window for land acquisitions","date":"April 18, 2017","format":false,"excerpt":"\r The wheel has turned a full circle for Greentown China Holdings. The company, which was veering towards bankruptcy in 2014 and had even sold a majority stake to state-owned China Communications Construction Group in 2015, has not only emerged unscathed and is now China\u2019s ninth largest developer in terms\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-greentown-refutes-cash-crunch-rumour-after-asking-staff-to-speed-up-cash-inflow-amid-tightened-scrutiny\/","url_meta":{"origin":53986,"position":4},"title":"China\u2019s Greentown refutes cash crunch rumour after asking staff to speed up cash inflow amid tightened scrutiny","date":"July 3, 2018","format":false,"excerpt":"\r Hangzhou-based developer Greentown China Holdings has played down speculations about a potential cash crunch after it urged sales staff to accelerate cash inflows amid a tightened regulatory environment. The mainland\u2019s top developer of high-end housing said it had cash of 50 billion yuan (US$7.5 billion) on hand, a sufficient\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-embattled-property-industry-will-rebound-in-second-half-of-2024-says-zhang-yadong-chairman-of-developer-greentown\/","url_meta":{"origin":53986,"position":5},"title":"China\u2019s embattled property industry will rebound in second half of 2024, says Zhang Yadong, chairman of developer Greentown","date":"December 13, 2023","format":false,"excerpt":"\r Zhang Yadong, chairman Hangzhou-based Greentown China, said an expected economic recovery and the release of pent-up housing demand would trigger a turnaround in the second half of next year.\r \r Source : South China Morning Post\r Read more...China\u2019s embattled property industry will rebound in second half of 2024, says\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/53986"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=53986"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/53986\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=53986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=53986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=53986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}