Greenland Holdings

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Greenland Holdings
Greenland Group
Public
Traded as
Industry real estate, property development, construction, property investment, real estate financing
Founded 1992
Headquarters Shanghai, China
Area served
Mainland China
Key people
Zhang Yuliang (Chairman & President)
Products apartments, infrastructure, real estate property, financial loans
Revenue Increase CN¥247.400 billion (2016)
Increase CN¥015.329 billion (2016)
Increase CN¥007.207 billion (2016)
Total assets Increase CN¥733.138 billion (2016)
Total equity Increase CN¥056.271 billion (2016)
Owner
Shanghai Government(46.37%)
employees(28.99%)
Ping An Trust(06.61%)
others(18.02%)
Website www.greenlandsc.com
Footnotes / references
in consolidated financial statement[1]
Greenland Holdings Corp., Ltd.
Simplified Chinese 绿地控股集团股份有限公司
Literal meaning Greenland Holdings Group, Company Limited by Shares
Greenland Group
Simplified Chinese 绿地集团
Greenland Holdings
Simplified Chinese 绿地控股

Greenland Holdings Corp., Ltd. known as Greenland Group is a Chinese publicly traded real estate developer. Founded as a state-owned enterprise, As of 31 December 2016, the top 10 shareholders of the listed company owned a combined 88% shares, which some state-owned enterprise invested in Greenland via private equity funds.

As of 2014, it owned about USD 58 billion in assets.[2] By the company's own estimate, in 2014 it was the largest real estate developer in the world by floor space under construction and sales revenue.[3]

It was created in 1992 to develop green belts around Shanghai.[4] Starting around 2013, it began to make major investments in developments outside of China.[3] As of 2014, these include Metropolis Los Angeles in Los Angeles,[4] Spire London, a 235-metre residential skyscraper in the London Docklands,[5] Greenland Centre Sydney in Sydney, Atlantic Yards in New York,[6] and a 872 unit condo plus 122 room hotel complex in Toronto.[7]

In 2014 the company takeover Shanghai Jinfeng Investment (Chinese: 上海金丰投资) as part of a backdoor listing.[8][9] Since June 2017, it was part of Shanghai Stock Exchange's blue chip index: SSE 50 Index.[10]

Non-real estate interests[edit]

Greenland Group are the current majority shareholder of the Chinese Super League club Shanghai Greenland Shenhua F.C., officially taking over the operation of the club after purchasing the 28.5% share owned by previous majority shareholder Zhu Jun in January 2014.[11]

Shareholders and board of directors[edit]

Despite the company was 46.37% owned by the Shanghai Government, some member the board, current and former employee also owned 28.99% shares as the second largest shareholder. Both Greenland Holdings and the employee-owned private equity fund were represented by Zhang Yuliang (Chinese: 张玉良) as the legal representative.

The 15-men board of directors consist of 5 independent directors, as well as Zhang Yuliang, Lu Jiancheng (Chinese: 陆建成, vice-chairman of Greenland Holdings and vice-president of Shanghai Municipal Investment Group), Cai Shunming (Chinese: 蔡顺明, vice-chairman of Greenland Holdings and vice-president of Shanghai Land Group), Xu Jing (Chinese: 许敬, executive vice-president), Zhang Yun (Chinese: 张蕴, executive vice-president), Tian Bo (Chinese: 田波, ex-vice president of Greenland Holdings), Ji Guanglin (Chinese: 汲广林, Greenland Holdings director and chairman of associate company Shanghai SMI Holding, a subsidiary of Shanghai Municipal Investment Group), He Qiju (Chinese: 何启菊, Greenland Holdings director and a manager of Shanghai Land Group), Zhou Qing (Chinese: 周青, Greenland Holdings director and deputy general manager of associate company Shanghai Star Group, a subsidiary of Shanghai Land Group) and Song Chengli (Chinese: 宋成立, Greenland Holdings director and vice-chairman of Ping An Trust). To sum up, out of 10 non-independent directors, Shanghai Government had 5 seats, while Ping An Trust had one seat.

As of 31 December 2016
  • Shanghai Municipal People's Government (zh)'s State-owned Assets Supervision and Administration Commission
  • Management board and employee of Greenland Holdings via a private equity fund (Chinese: 上海格林兰投资企业(有限合伙), 28.99%)
  • Shenzhen Ping'an Innovation Capital Investment (Chinese: 深圳市平安创新资本投资有限公司), a subsidiary of Ping An Trust of Ping An Group (6.61%)
  • Shanghai Tianchen (2.29%)
  • Chinese: 上海鼎晖嘉熙股权投资合伙企业(有限合伙), a private equity fund that CDH Investments acted as GP (1.80%)
  • Chinese: 上海国投协力发展股权投资基金合伙企业(有限合伙), a private equity fund that SDIC acted as GP (0.91%)
  • Chinese: 中国工商银行股份有限公司-中证上海国企交易型开放式指数证券投资基金), an index tracking fund that ICBC acted as GP (0.34%)
  • Chinese: 珠海普罗股权投资基金(有限合伙), a private equity fund from Zhuhai (0.33%)

References[edit]

  1. ^ "2016 Annual Report" (PDF) (in Chinese). Greenland Holdings. 25 April 2017. Retrieved 30 August 2017. 
  2. ^ "Chinese outward real estate investment: after the initial waves, what's next?" (PDF). Knight Frank. 2014. 
  3. ^ a b Fung, Esther (2014-12-16). "Chinese Builder Greenland to Expand in Existing Markets". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-08-13. 
  4. ^ a b Vincent, Roger (2014-02-14). "Chinese developer unveils plans for Metropolis project in L.A." Los Angeles Times. ISSN 0458-3035. Retrieved 2015-11-06. 
  5. ^ "China's Greenland Group plans residential tower for London Docklands". Global Construction Review. 8 October 2014. Retrieved 2015-11-06. 
  6. ^ Hughes, C. J. (2014-05-16). "Chinese Real Estate Developers Take the Lead on New York Projects". The New York Times. ISSN 0362-4331. Retrieved 2015-11-06. 
  7. ^ Landau, Jack. "Westinghouse Building Disassembly Underway at King Blue Site". Urban Toronto. Retrieved 15 May 2016. 
  8. ^ http://www.chinadaily.com.cn/business/2014-03/19/content_17361843.htm
  9. ^ "China's biggest developer Greenland Group to make back-door listing". South China Morning Post. Retrieved 2015-11-06. 
  10. ^ 沪深300、上证50和中证500等指数2017年第一次定期调整样本股 (Press release) (in Chinese). Shanghai Stock Exchange. 31 May 2017. Retrieved 30 October 2017. 
  11. ^ "绿地宣布接手申花 朱骏时代宣告终结". sports.163.com. 1 February 2014. Retrieved 2 February 2014. 

External links[edit]