Hopson Development Holdings Limited or Hopson Development, established in Guangzhou, China, in 1992, is one of the five largest real estate private companies in Guangdong Province. (The others are Country Garden, Evergrande Real Estate Group, R&F Properties and Agile Property.) It focuses on property developments, including residential property, commercial property, hotel and tourist property, and property management business, in major Mainland cities such as Guangzhou, Beijing, Tianjin and Shanghai.[1]
It was listed on the Hong Kong Stock Exchange in 1998.
Its headquarters are in Chaoyang District, Beijing.[2] Its headquarters were previously in Zhujiang New Town, Guangzhou.[3]
On October 4, 2021, during the Evergrande liquidity crisis, the Cailian Press reported that Hopson Development was set to buy a 51% stake in Evergrande for around 5 billion United States dollars.[4] However, by October 20, The Guardian reported that this value was decreased to 2.6 billion dollars, and that activity surrounding such deal with suspended following objection by the Guangdong provincial government, which is overseeing Evergrande's restructuring.[5]
See also
- Real estate in China
External links
References
- Hopson Development Group Overview retrieved 2008-04-02^
- 联系我们 Hopson Development, retrieved 2021-02-05^
- - Chinese address: "广州市珠江新城珠江东路421号珠江投资大厦 邮编：510623" Contact Us Hopson Development, 2006-10-22, retrieved 2021-02-05^
- Evergrande: Company set to update market on 'major transaction' BBC News, 2021-10-04, retrieved 2021-10-04^
- Martin Farrer. China's Evergrande crisis: clock ticking as crucial debt default deadline looms The Guardian, 2021-10-20, retrieved 2021-10-20^