Date
26 September 2017

Greenland gains backdoor listing through Jinfeng, paper says

Shanghai Jinfeng Investment Co. Ltd. (600606.CN) has been injected the entire equity stake of Shanghai-based property developer Greenland Group, which is estimated to be worth 65.5 billion yuan (US$10.58 billion), to become one of the biggest conglomerates in the Shanghai state-owned enterprise system, the China Securities Journal reported Tuesday. The asset injection will make it a leading player in China’s property market, Jinfeng was quoted as saying in a statement.

– Contact HKEJ at [email protected]

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