18 February 2019

Greenland eyes backdoor listing in Shanghai, paper says

Real estate developer Greenland Group, parent of Greenland Hong Kong Holdings Ltd. (00337.HK), is seeking a backdoor listing on the Shanghai Stock Exchange by acquiring Shanghai Jinfeng Investment Co. Ltd.(600606.CN), China Business News reported Wednesday, citing the group’s chairman Zhang Yuliang. Jinfeng Investment will provide a platform for the company’s overall listing plan while the Hong Kong-listed subsidiary is a “window to the overseas capital market”, Zhang was quoted as saying. Greenland Group may soon file the listing application after the two parties finalized the plan, the report said.

– Contact HKEJ at [email protected]




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