On 27 August 2013, Greenland Holding Group Co Ltd (Greenland Group) acquired 60 percent of the enlarged share capital of SPG Land (Holdings) Ltd through its wholly owned subsidiary and renamed the subsidiary as Greenland Hong Kong Holdings Ltd. The mother company Greenland Group is a large state-owned mega enterprise based in Shanghai. Greenland Group is dedicated to the development philosophy of realizing the goals of the government and meeting market demand. It adopts the business strategy of developing real estate as the main line of business and focuses on developing the energy and financial sectors.

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Greenland Hong Kong Holdings Limited

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