DOCSLIB.ORG

Annual Report 2015 2015 Annual Report 2015 Annual

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2015 2015 Annual Report 2015 Annual GREENTOWN CHINA HOLDINGS LIMITED GREENTOWN ANNUAL REPORT 2015 2015 ANNUAL 2015 ANNUAL REPORT GREENTOWN CHINA HOLDINGS LIMITED (incorporated in the Cayman Islands with limited liability) (Stock Code: 03900) Welcome to your home of Greentown. Walk into a world of luxury and style. Transform your dreams into reality here. From the minute you set foot on the majestic doorway that leads into the elegant hallway, you will be embraced by the luxury and grace of a bygone era. Traditional style combined with contemporary detailing gives the place a personal touch with a flair of splendour. Each unit is tastefully designed for home lovers who have an eye for quality and beauty. Nestled in breath-taking landscaped gardens, these homes allow you to experience the magical powers of nature in your own private setting. Join the Greentown family and live the dream of many others today. Find your home with Greentown and enjoy the luxury of life with peace of mind. Contents 002 Corporate Profile 004 Corporate Information 006 Financial Highlights 008 Chairman’s Statement 010 CEO’s Report 012 Property Portfolio 025 Management Discussion and Analysis 042 Biographical Details of Directors and Senior Management 052 Sustainability and Corporate Social Responsibility 060 Investor Relations 064 Corporate Governance Report 071 Report of the Directors 092 Independent Auditor’s Report 094 Consolidated Financial Statements 218 Definition 002 Greentown China Holdings Limited Annual Report 2015 Corporate Profile GREENTOWN CHINA HOLDINGS LIMITED IS ONE OF THE LEADING PROPERTY DEVELOPERS IN CHINA. IT COMMANDS A LEADING POSITION IN THE INDUSTRY BY LEVERAGING ON ITS QUALITY PROPERTIES, UNIQUE ARCHITECTURAL AESTHETICS AND CUSTOMER-FOCUSED RESIDENCE SERVICES. THE COMPANY WAS JOINTLY VOTED AS “2015 TOP 10 CHINESE REAL ESTATE ENTERPRISES BY COMPREHENSIVE STRENGTH” FOR THE 11TH CONSECUTIVE YEAR BY THE DEVELOPMENT RESEARCH CENTER OF THE STATE COUNCIL, THE INSTITUTE OF REAL ESTATE STUDIES AT TSINGHUA UNIVERSITY AND THE CHINA INDEX ACADEMY, REELECTED AS “TOP 10 LARGEST CHINESE REAL ESTATE ENTERPRISES”. AND WAS AGAIN NAMED “2015 TOP 10 BRANDS OF CHINESE REAL ESTATE COMPANIES (DIVERSIFIED OWNERSHIP) FOR THE 12TH CONSECUTIVE YEAR WITH A BRAND VALUE OF RMB21.183 BILLION. MEANWHILE, WITH THE EFFORTS ON SAFEGUARDING THE BUILDING OF PROPERTIES AND CHARITY SERVICES, GREENTOWN WAS AWARDED “CHINA REAL ESTATE ENTERPRISES WITH SENSE OF SOCIAL RESPONSIBILITY”. Jinan National Games Project Greentown China Holdings Limited Annual Report 2015 003 Corporate Profile Over 21 years of development, Greentown sets a milestone of Greentown’s asset- On 27 March 2015, CCCG completed the has been based in Zhejiang Province, light business model from platform- share sale transaction with Mr SONG one of the most economically vibrant based to collective management. At Weiping and other related shareholders provinces in the PRC. With property present, Greentown Management Group pursuant to which CCCG acquired an projects covering most of the economically undertakes 60 projects with a total GFA of aggregate of 524,851,793 shares of the prosperous cities in Zhejiang Province 19.21 million sqm. Total saleable amount Company at HK$11.46 per share in cash such as Hangzhou, Ningbo, Taizhou, are expected to be over approximately (representing a total consideration of Shaoxing and other cities amongst the Top 136.3 billion. approximately HK$6.015 billion). On 4 June 100 national most competitive county-level 2015, CCCG acquired another 100 million cities in Zhejiang Province, Greentown Being one of the leading large-scale shares of the Company at HK$11.46 per has a sizable operation scale and enjoys property developers in the PRC and well share. As at the date of this report, CCCG a wide recognition. Since the initiation of known for its brand image of “building held approximately a 28.9% stake in the national strategies from the year of 2000, high-end positioned properties”, Company, making it the single largest Greentown has successfully set foot in Greentown successfully offers six major shareholder. other major cities located in Yangtze River classic series of products including Delta, including Shanghai, Xuzhou and residential property, public property, As at 31 December 2015, the premier Wuxi, and in major cities in Bohai Rim commercial property, urban complex, land bank of Greentown Group comprised Economic Belt, including Beijing, Tianjin, ideal town and security property based a total GFA of over 31.24 million sqm Qingdao, Jinan, Shenyang, Dalian and other on its knowledge in human idealism ensuring Greentown Group’s sustainable provincial cities, such as Hefei in Anhui and extensive studies in global areas as and steady development in the coming Province, Zhengzhou in Henan Province, well as its own adjustment, practice and future. Leveraging on its quality human Changsha in Hunan Province, and Urumqi renovation. It forges ideal residents with resources and highly effective corporate in Xinjiang, established an excellent brand fine material. management structure, Greentown has image in various cities. established a strong presence in all cities On 8 June 2012, Wharf was introduced where it operates. The Group’s experience From September 2010, Greentown as a strategic shareholder of Greentown. in developing numerous high-quality initiated the Construction Management The aggregate investment from Wharf projects and outstanding operational Business, which comprises the amounted to approximately HK$5.1 billion capabilities have provided a strong commercial construction management, (equivalent to approximately RMB4.16 momentum for its further expansion. government construction management billion), including the subscription of and capital construction management. approximately 490 million placing shares In September 2015, due to Greentown’s and the subscription of convertible new strategic development needs, securities (which have been redeemed in Greentown Management Group was full in February 2014). As at the date of this formally established, which becomes the report, Wharf (through its wholly-owned principal of brand name, management subsidiary) was interested in approximately and resources output of Greentown and 25% of the total issued share capital of the Company. 004 Greentown China Holdings Limited Annual Report 2015 Corporate Information Board of Directors Registered Office Company Secretary Executive Directors Maples Corporate Services Limited Mr FUNG Ching, Simon Mr SONG Weiping (Co-chairman) PO Box 309, Ugland House Mr LIU Wensheng (Co-chairman) South Church Street Authorized Representatives Mr SUN Guoqiang George Town, Grand Cayman Mr CAO Zhounan Mr SHOU Bainian KY1-1104, Cayman Islands Mr FUNG Ching, Simon Mr CAO Zhounan Mr LI Qingan Share Registrar in Hong Kong Principal Bankers Mr LI Yongqian Computershare Hong Kong Investor Bank of China Limited Services Limited Industrial and Commercial Bank Independent Non-Executive Directors Shops 1712–1716, of China Limited Mr JIA Shenghua 17th Floor, Hopewell Centre Agricultural Bank of China Limited Mr KE Huanzhang 183 Queen’s Road East China Construction Bank Corporation Mr SZE Tsai Ping, Michael Wanchai, Hong Kong The Hong Kong And Shanghai Mr HUI Wan Fai Banking Corporation Limited Share Registrar in Cayman Audit Committee Standard Chartered Bank Islands (Hong Kong) Limited Mr SZE Tsai Ping, Michael (Chairman) Royal Bank of Canada Trust Company Bank of Communications Co., Ltd. Mr JIA Shenghua (Cayman) Limited The Bank of East Asia, Limited Mr HUI Wan Fai 4th Floor, Royal Bank House Ping An Bank Co., Ltd 24 Shedden Road China Everbright Bank Nomination Committee George Town Grand Cayman Corporation Limited Mr SZE Tsai Ping, Michael (Chairman) KY1-1110 Cayman Islands Shanghai Pudong Development Mr LIU Wensheng Bank Co., Ltd. Mr SHOU Bainian Auditor Mr JIA Shenghua Deloitte Touche Tohmatsu Hangzhou Headquarters Mr KE Huanzhang 10/F, Block A, Century Plaza Mr HUI Wan Fai Legal Advisors No.1 Hangda Road Hangzhou, Zhejiang Remuneration Committee as to Hong Kong law: Ashurst Hong Kong PRC Mr JIA Shenghua (Chairman) (Postal code: 310007) Mr SUN Guoqiang as to PRC law: Mr SHOU Bainian Zhejiang T&C Law Firm Principal Place of Business in Mr KE Huanzhang Hong Kong Mr SZE Tsai Ping, Michael as to Cayman Islands law and Room 1406–1408, 14/F Mr HUI Wan Fai British Virgin Islands law: New World Tower 1 Maples and Calder 16–18 Queen’s Road Central Hong Kong Greentown China Holdings Limited Annual Report 2015 005 Corporate Information Investor Relations Notes: (1) The following changes have been effected during the year ended 31 December 2015: Email: [email protected] The following changes have been effected on 27 March 2015: Tel: (852) 2523 3138 (i) Mr ZHU Bixin has been appointed as an executive Director, co-chairman of the Board and a member of the nomination committee; Fax: (852) 2523 6608 (ii) Mr SUN Guoqiang has been appointed as an executive Director, a member of the investment committee in place of Mr SHOU Bainian and a member of the remuneration committee; Public Relations (iii) Mr Andrew Chow has been appointed as a non-executive Director and vice chairman of the Board, and a member of the remuneration committee and investment committee in place of Mr NG Tin Hoi, Stephen; Hill + Knowlton Strategies Asia (iv) Mr SONG Weiping has been re-designated from the chairman of the Board to a co-chairman of the Board; Email: [email protected] (v) Mr LUO Zhaoming has resigned as an executive Director and vice chairman of the Board; Tel: (852)
Load more

Recommended publications
  • Annual Report
    年 報 Annual Report GREENTOWN CHINA HOLDINGS LIMITED (incorporated in the Cayman Islands with limited liability) Stock Code: 03900 Welcome to your home of Greentown. Walk into a world of luxury and style. Transform your dreams into reality here. From the minute you set foot on the majestic doorway that leads into the elegant hallway, you will be embraced by the luxury and grace of a bygone era. Traditional style combined with contemporary detailing gives the place a personal touch with a flair of splendour. Each unit is tastefully designed for home lovers who have an eye for quality and beauty. Nestled in breath-taking landscaped gardens, these homes allow you to experience the magical powers of nature in your own private setting. Join the Greentown family and live the dream of many others today. Find your home with Greentown and enjoy the luxury of life with peace of mind. Contents 002 Corporate Profile 004 Corporate Information 006 Financial Highlights 008 Chairman’s Statement 010 CEO’s Report 014 Property Portfolio 026 Management Discussion and Analysis 044 Biographical Details of Directors and Senior Management 052 Environmental and Social Responsibility Report 084 Corporate Governance Report 090 Investor Relations 094 Report of the Directors 114 Independent Auditor’s Report 123 Consolidated Statement of Profit or Loss and Other Comprehensive Income 124 Consolidated Statement of Financial Position 126 Consolidated Statement of Changes in Equity 127 Consolidated Statement of Cash Flows 130 Notes to the Consolidated Financial Statements 291 Definition Corporate Profile Greentown China Holdings Limited maintains a leading position in the industry with high construction quality and excellent living services.
    [Show full text]
  • In 2014 Newspapers Reported Hangzhou's Property
    Property PROPERTY China’s 6th priciest real estate market n 2014 newspapers reported Hangzhou’s property market was cooling, forcing developers to AT A GLANCE discount their prices, and even offer deals with zero downpayments. The real estate agent Average property price (per sq m): Rmb17,545 representing the properties profiled in this Annual new property supply (units): 93,216 editionI of Sinopolis was conversely (though perhaps Annual total property sales (units): 131,645 predictably) more bullish on the market, bragging that five Key Districts: Xihu; Binjiang; Zhijiang years previously there had been no property in the sites Figures for 2015 surrounding those we visited but that now it was all residential – which of course, could be as suggestive of a supply glut as a demand spike. indicated investment from property developers rose 13.1% At the end of 2014, Hangzhou had 144,430 available in the period from January to October over the year property units, including 93,216 residential properties, before – which, while an increase, was 14.3 percentage marking an overall increase of 37.5% on the year before. points less than the 2014 growth rate. Similarly, property Residential supply rose 28%. The property stock pile set a sales grew 39.1%, but this too was lower than the previous new record. year's rate, by 13.7 points. Evidently, while growth in 39.1% Meanwhile, the average residential property price fell investment and sales contines, it is doing so at a ‘new Growth in 6.3% to Rmb15,518 per square metre in 2014. The Zhejiang normal’ rate.
    [Show full text]
  • WIC Template
    1 Editor’s Note 2 Talking Point 6 The Week in 60 Seconds 7 China and the World Week in China 8 Property 9 China Consumer 10 Banking and Finance 11 Economy 12 Agriculture 13 January 2012 13 Environment 14 Society and Culture Issue 134 17 And Finally www.weekinchina.com 18 The Back Page Investors find the glass half empty m o c . n i e t s p e a t i n e b . w w w y b g u in Why Chonging Brewery’s failed vaccine sparked a market sell-off – and what o k y n o a t B s it says about the shortcomings in China’s fund managment industry t l t h a e g b k u o r o l a r G M B C d B n S a H Week in China Editor’s Note 13 January 2012 The year that was WiC’s 2011 predictions: how did we do? n our 88th issue – published in December 2010 – we looked back at eight of the Ibig themes that we’d tracked since the inaugural issue of Week in China. That was the easy part. We also took a stab at that oh-so-dangerous of arts: prediction. We listed ‘8 Things to Watch in 2011’. In the interests of accountability, how did we do? Our first and last predictions were the most accurate. Our opener: we forecast “Why 2011 could be the year property prices finally fall”. This turned out to be true. And our last ‘thing to watch’ was also prescient: “China mulls options for North Korea after Kim Jong-il”.
    [Show full text]
  • Circular Is Important and Requires Your Immediate Attention
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should obtain independent professional advice. If you have sold or transferred all your shares in Greentown China Holdings Limited, you should at once hand this circular and where applicable, the form of proxy and reply slip to the purchaser or transferee or to the bank, or a licensed securities dealer or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. GREENTOWN CHINA HOLDINGS LIMITED 綠 城 中 國 控 股 有 限 公 司* (incorporated in the Cayman Islands with limited liability) (Stock code: 3900) GENERAL MANDATES TO REPURCHASE ITS OWN SHARES AND TO ISSUE NEW SHARES AND RE-ELECTION OF RETIRING DIRECTORS A notice convening an annual general meeting of Greentown China Holdings Limited to be held at 3:00 p.m. on 11 May 2007, Friday at Gloucester Room, 2/F., Mandarin Oriental, 5 Connaught Road Central, Hong Kong is set out on pages 21 to 23 of this circular. A form of proxy for use at the Annual General Meeting is also enclosed. Such form of proxy is also published on the website of The Stock Exchange of Hong Kong Limited (www.hkex.com.hk).
    [Show full text]
  • Directors and Senior Management
    Directors and Senior Management The following table sets forth certain current information with respect to our directors and senior management. Name Age Title Mr. SONG Weiping 48 Chairman Mr. SHOU Bainian(3) 53 Executive Vice Chairman and Chief Executive Officer Mr. CHEN Shunhua(2) 44 Executive Director and Chief Operating Officer Mr. GUO Jiafeng 42 Executive Director and Executive General Manager Mr. JIA Shenghua(1)(2) 44 Independent Non-Executive Director Mr. JIANG Wei(1) 43 Independent Non-Executive Director Mr. SZE Tsai Ping, Michael(1)(2)(3) 61 Independent Non-Executive Director Mr. TSUI Yiu Wa, Alec(1)(3) 57 Independent Non-Executive Director Mr. TANG Shiding(1)(3) 64 Independent Non-Executive Director Mr. ZHAO Jinbiao 59 Executive General Manager Mr. MA Li 49 Executive General Manager Mr. YING Guoyong 45 Executive General Manager Mr. QIAN Xiaohua 43 Executive General Manager Mr. YANG Zuoyong 44 Executive General Manager Mr. LAM Kam Tong 38 Company Secretary Notes: (1) Member of the Board Audit Committee (2) Member of the Board Remuneration Committee (3) Member of the Board Nomination Committee Board of Directors Our Board consists of nine directors, five of whom are Independent Non-Executive Directors. The powers and duties of our Board include: convening shareholders’ meetings and reporting the Board’s work at the shareholders’ meetings, implementing the resolutions passed on the shareholders’ meetings, determining our business plans and investment plans, formulating our annual budget and final accounts, formulating our proposals for profit distributions and for the increase or reduction of registered capital as well as exercising other powers, functions and duties as conferred by our Articles of Association.
    [Show full text]
  • Annual Report 2014 Corporate Profile
    GREENTOWN CHINA HOLDINGS LIMITED GREENTOWN Annual Report 2014 GREENTOWN CHINA HOLDINGS LIMITED Hangzhou Headquarters 10/F, Block A, Century Plaza, No.1 Hangda Road, Hangzhou, Zhejiang, PRC (Postcode: 310007) Tel: (86-571) 8898 8888 Fax: (86-571) 8790 1717 Hong Kong Office Rm 1406-1408, New World Tower 1 16-18 Queen's Road Central, Hong Kong Tel: (852) 2523 3138 Fax: (852) 2523 6608 www.chinagreentown.com GREENTOWN CHINA HOLDINGS LIMITED Design and Production by: iOne Financial Press Limited (incorporated in the Cayman Islands with limited liability) Website: www.ione.com.hk (Stock Code: 03900) to your home of Greentown. WelcomeWalk into a world of luxury and style. Transform your dreams into reality here. From the minute you set foot on the majestic doorway that leads into the elegant hallway, you will be embraced by the luxury and grace of a bygone era. Traditional style combined with contemporary detailing gives the place a personal touch with a flair of splendour. Each unit is tastefully designed for home lovers who have an eye for quality and beauty. Nestled in breath-taking landscaped gardens, these homes allow you to experience the magical powers of nature in your own private setting. Join the Greentown family and live the dream of many others today. Find your home with Greentown and enjoy the luxury of life with peace of mind. Contents Corporate Profile 002 Biographical Details of Directors and Senior Management 037 Corporate Information 004 Sustainability and Corporate Social Responsibility 043 Financial Highlights 006 Investor
    [Show full text]
  • 2020 ANNUAL RESULTS ANNOUNCEMENT MARCH 2021 Contents
    2020 ANNUAL RESULTS ANNOUNCEMENT MARCH 2021 Contents Operational Review ······························ 3 Financial Highlights·····························19 Strategy and Outlook··························31 Appendix··········································· 41 2 Operational Review Results Highlights Total land Contracted Newly-added RMB289.2 RMB328.8 bank by RMB806.5 sales bn saleable value bn saleable value bn No.8 in China1 Well-prepared for the future Abundant & Premium Increased 43% YoY Increased 60% YoY Increased 35% YoY Profit attributable to Financing costs Net gearing ratio owners of the Company RMB3.796 bn 4.9% 63.8% Increased 53.1% YoY Decreased 40 bps YoY Remained Stable China's Real Estate Product Spin-off & listing of “Strategic 2025” Plan Quality Ranking 2 project management business No. 1 in China Greentown Management (9979.HK) Officially launched At end of 2020, stock price rose 33.2% from IPO price Note: 1. Ranking of Real Estate Developers by Sales, 2020 (CRIC) 2. China's Real Estate Product Quality Ranking 2020 (CRIC, China Index Academy) 4 Contracted Sales – Scale Hits Record Highs, Asset-light and -heavy Grow Simultaneously Sales Overview of 2020 Asset-Light / Heavy Total contracted sales Total sales Sales area Attributable sales RMB289.2 bn RMB214.7 bn 8.25 mn sqm RMB119.4 bn Self- +59% YoY +58% YoY +55% YoY +43%YoY investment projects % of Tier 1&2 % of Yangtze River Delta Third party ranking1 76% 61% No.8 in China Yearly target completion rate Projects Total sales Sales area under project RMB74.5 bn 5.6 mn sqm 116% management +12%YoY +11%YoY Note: 1. Ranking of Real Estate Developers by Sales, 2020 (CRIC) 5 Contracted Sales – Grows Rapidly, Ranks Top 10 in China Total contracted sales reached a 3-year CAGR of 36% & self-investment projects sales reached a 3-year CAGR of 46%, improving in various industry rankings & ranking top 10 in China.
    [Show full text]
  • Watchdog Or Demagogue? the Media in the Chinese Legal System
    Columbia Law School Scholarship Archive Faculty Scholarship Faculty Publications 2005 Watchdog or Demagogue? The Media in the Chinese Legal System Benjamin L. Liebman Columbia Law School, [email protected] Follow this and additional works at: https://scholarship.law.columbia.edu/faculty_scholarship Part of the Law and Politics Commons Recommended Citation Benjamin L. Liebman, Watchdog or Demagogue? The Media in the Chinese Legal System, 105 COLUM. L. REV. 1 (2005). Available at: https://scholarship.law.columbia.edu/faculty_scholarship/113 This Article is brought to you for free and open access by the Faculty Publications at Scholarship Archive. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of Scholarship Archive. For more information, please contact [email protected]. COLUMBIA LAW REVIEW VOL. 105 JANUARY 2005 NO. 1 ARTICLE WATCHDOG OR DEMAGOGUE? THE MEDIA IN THE CHINESE LEGAL SYSTEM Benjamin L. Liebman* Over the past decade, the Chinese media have emerged as among the most influential actors in the Chinese legal system. As media commercializa- tion and increased editorialdiscretion have combined with growing attention to social and legal problems, the media have gained incentives to expand their traditional mouthpiece roles in new directions. As a result, the media have emerged as one of the most effective and important avenues of citizen redress. Their role in the legal system, however, has also brought them in- creasingly into conflict with China's courts. This Article examines the implications of the media's roles in the Chi- nese legal system for China's legal development. It shows how media commer- cialization has resulted in incentives for the media to expand the scope of * Associate Professor of Law and Director, Center for Chinese Legal Studies, Columbia Law School.
    [Show full text]
  • Greentown China Holdings Limited (綠城中國控股有限公司)
    OFFERING MEMORANDUM CONFIDENTIAL GREENTOWN CHINA HOLDINGS LIMITED (綠城中國控股有限公司) (Incorporated in the Cayman Islands with limited liability) US$70,302,000 5.875% Notes due 2020 Issue Price: 100.0% with the benefit of a Keepwell Deed and a Deed of Equity Interest Purchase, Investment and Liquidity Support Undertaking provided by China Communications Construction Group (Limited) (中國交通建設集團有限公司) (incorporated in the People’s Republic of China) Greentown China Holdings Limited (the “Company”), incorporated in the Cayman Islands with limited liability, is offering US$70,302,000 aggregate principal amount of 5.875% notes due 2020 (the “Notes”). The Notes will bear interest at the rate of 5.875% per year and will mature on August 11, 2020. The Company is concurrently conducting (1) an exchange offer for its outstanding 2018 USD Notes (as defined herein) (the “2018 USD Notes Exchange”); and (2) an exchange offer for its outstanding 2019 USD Notes (as defined herein) (the “2019 USD Notes Exchange,” and, together with the 2018 US$ Notes Exchange (as defined herein), the “Exchange Offer”); the Exchange Offer is for the new senior notes due 2020 to be issued by the Company through an Exchange Offer, on the same terms and conditions in all respects as and form a single series with, the Notes (the “New Notes”) and is being made pursuant to a separate exchange offer memorandum and available only to Eligible Holders (as defined therein) outside the United States. Pursuant to the Exchange Offer, the Company expects to issue the New Notes. This offering is conditional upon completion of the Exchange Offer.
    [Show full text]
  • Greentown Service Group Co. Ltd. 綠城服務集團有限公司 (A Company Incorporated Under the Laws of the Cayman Islands with Limited Liability)
    The Stock Exchange of Hong Kong Limited and Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Greentown Service Group Co. Ltd. 綠城服務集團有限公司 (a company incorporated under the laws of the Cayman Islands with limited liability) WARNING The publication of this Application Proof is required by The Stock Exchange of Hong Kong Limited (the “Exchange”) and the Securities and Futures Commission (the “Commission”) solely for the purpose of providing information to the public in Hong Kong. This Application Proof is in draft form. The information contained in it is incomplete and is subject to change which can be material. By viewing this document, you acknowledge, accept and agree with Greentown Service Group Co. Ltd. (綠城服務集團有限公司) (“the Company”), its sponsor, advisors or members of the underwriting syndicate that: (a) this document is only for the purpose of providing information about the Company to the public in Hong Kong and not for any other purposes. No investment decision should be based on the information contained in this document; (b) the publication of this document or supplemental, revised or replacement pages on the Exchange’s website does not give rise to any obligation of the Company, its sponsor, advisors or members of the underwriting syndicate
    [Show full text]
  • Annual Report
    GREENTOWN CHINA HOLDINGS LIMITED GREENTOWN GREENTOWN CHINA HOLDINGS LIMITED ANNUAL REPORT Hangzhou Headquarters 10/F, Block A, Century Plaza, No.1 Hangda Road, 2017 ANNUAL REPORT ANNUAL 2017 Hangzhou, Zhejiang, PRC (Postcode: 310007) Tel: (86-571) 8898 8888 Fax: (86-571) 8790 1717 Hong Kong Offi ce Rm 1406-1408, New World Tower 1, 16-18 Queen's Road Central, Hong Kong Tel: (852) 2523 3138 Fax: (852) 2523 6608 Design and Production by: iOne Financial Press Limited GREENTOWN CHINA HOLDINGS LIMITED (incorporated in the Cayman Islands with limited liability) Website: www.ione.com.hk www.chinagreentown.com (Stock Code: 03900) Welcome to your home of Greentown. Walk into a world of luxury and style. Transform your dreams into reality here. From the minute you set foot on the majestic doorway that leads into the elegant hallway, you will be embraced by the luxury and grace of a bygone era. Traditional style combined with contemporary detailing gives the place a personal touch with a flair of splendour. Each unit is tastefully designed for home lovers who have an eye for quality and beauty. Nestled in breath-taking landscaped gardens, these homes allow you to experience the magical powers of nature in your own private setting. Join the Greentown family and live the dream of many others today. Find your home with Greentown and enjoy the luxury of life with peace of mind. Contents 002 Corporate Profile 004 Corporate Information 006 Financial Highlights 008 Chairman’s Statement 010 CEO’s Report 016 Property Portfolio 030 Management Discussion and
    [Show full text]
  • Greentown Service Group Co. Ltd. 綠城服務集團有限公司
    Dangui_IPO_cover_E16_23mm.indd 2 24/6/2016 下午2:18 IMPORTANT IMPORTANT: If you are in any doubt about any of the contents of this prospectus, you should seek independent professional advice. Greentown Service Group Co. Ltd. 綠城服務集團有限公司 (a company incorporated under the laws of the Cayman Islands with limited liability) GLOBAL OFFERING Number of Offer Shares under : 777,776,000 Shares (subject to reallocation and the Global Offering the Over-allotment Option) Number of Hong Kong Offer Shares : 77,780,000 Shares (subject to reallocation) Number of International Offer Shares : 699,996,000 Shares (subject to reallocation and the Over-allotment Option) Maximum Offer Price : HK$2.20 per Offer Share plus brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005% (payable in full on application in Hong Kong dollars, subject to refund) Nominal Value : HK$0.00001 Stock Code : 2869 Joint Sponsors Joint Global Coordinators Joint Bookrunners and Joint Lead Managers Hong Kong Exchanges and Clearing Limited, the Stock Exchange of Hong Kong Limited and the Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus, having attached thereto the documents specified in the section headed “Documents Delivered to the Registrar of Companies and Available for Inspection” in Appendix V to this prospectus, has been registered with the Registrar of Companies in Hong Kong as required by Section 342C of the Companies (Winding Up and Miscellaneous Provisions) Ordinance.
    [Show full text]