• Thu
  • Dec 18, 2014
  • Updated: 3:12pm

Glorious Property Holdings

Business Digest, December 22, 2012

Insurer Aviva sells US unit for US$1.8 billion

Kowloon Station flat sold for HK$218m

Saturday, 22 December, 2012, 2:36am

Shares of China Rongsheng and Glorious Property fall after chairman Zhang Zhirong quits

Zhang Zhirong

Shares of China Rongsheng Heavy Industries and Glorious Property fell sharply yesterday after their chairman, Zhang Zhirong, quit.

Zhang's resignation fuelled investors' concerns about the firms' operations and financial condition.

28 Nov 2012 - 2:37am

Chairman steps down after insider settlement

Zhang Zhirong

Mainland billionaire Zhang Zhirong has resigned as chairman of two Hong Kong-listed companies, shortly after a court approved a US$14 million settlement of an insider trading case by an investment firm he owns.

27 Nov 2012 - 3:21am

Business Digest, October 23, 2012

Hutchison makes offer of concessions for bid

Nexen dives as hopes dim for CNOOC deal

23 Oct 2012 - 4:20am

Alleged insider trader on 'Forbes' rich list for years

Zhang Zhirong, who faces government accusations of illegal share trading in the United States, was ranked the 79th richest businessperson in China by Forbes with an estimated wealth of US$78 million in 2001, when he was just 33.

31 Jul 2012 - 12:00am

Developers pin hopes on recovery in 2013

When property developer Cheng Lixiong read reports about remarks made by Premier Wen Jiabao at the opening of the annual parliamentary session this week, he knew there would not be a recovery in the nation's housing market this year.

7 Mar 2012 - 12:00am

Cutback in projects after a not so glorious return

Shanghai-based Glorious Property Holdings says it will cut back on its construction work by 25 per cent to 1.5 million square metres this year after it failed to meet its sales target last year because of sluggish market conditions.

7 Feb 2012 - 12:00am

Glorious Property sets price range for IPO

14 Sep 2009 - 12:00am

Mingfa targets up to HK$6b in share offering

Mingfa Group, a Fujian-based property developer, is planning to raise as much as HK$6 billion on the Hong Kong stock market in the fourth quarter of this year, market sources familiar with the offering said.

The developer, set up in 1994 in Xiamen, is a privately owned firm that focuses on the development of large scale multifunction commercial and residential complexes.

24 Aug 2009 - 12:00am

Qunxing Paper fuels appetite with 60pc gain

Shares in decorative paper maker Qunxing Paper Holdings surged 60.37 per cent on their trading debut yesterday, reflecting a continued appetite for mainland initial public offerings amid strong market liquidity.

3 Oct 2007 - 12:00am

Sino Ocean draws key investors

Ten cornerstone investors, including Henderson Land Development chairman Lee Shau-kee, the Government of Singapore Investment Corp and Bank of Communications, have signed on for a US$240 million stake in mainland property developer Sino Ocean Land Holdings' initial public offering, which seeks to raise up to HK$11.9 billion in Hong Kong.

11 Sep 2007 - 12:00am

Red chip mulls foray into real estate business

Shanghai Industrial looking to diversify revenue sources after 25pc profit slide

Red-chip conglomerate Shanghai Industrial Holdings is considering a foray into the real estate market to expand revenue sources, according to chairman Cai Laixing.

22 Apr 2006 - 12:00am

Forte fixes share offer at top end of range

Shanghai Forte Land priced its initial public offering (IPO) at the top end of the range at $2.35 a share yesterday, after generating an overwhelming investor response for its $1.5 billion Hong Kong listing.

31 Jan 2004 - 12:00am

SHANGHAI FORTE LAND IN $1.16B SHARE OFFER

Mainland developer Shanghai Forte Land is raising up to HK$1.16 billion for a listing on the Hong Kong stock exchange. It will sell 455.9 million shares between HK$1.95 and HK$2.55 each. Sources said 90 per cent of the shares would be sold to institutional investors and the balance to the public through a share offering on February 25 to 28.

18 Feb 2003 - 12:00am