A start-work ritual on 7 January, 1991 at the operational headquarters of Towngas in North Point. Yu Ling-sun, managing director of Hsin Chong (Foundations) Ltd, the contractor of the HK$300-million, 25-storey building, is on the far right of the photograph. Photo SCMP

Shanghai-owned Greenland to emerge as the white knight in Hsin Chong’s financial woes

Greenland Holdings, 46.4 per cent owned by Shanghai’s government, is in talks to take over control of Hsin Chong and its unit, using them as platforms for fundraising and for bidding for overseas projects along the belt and road plan

Topic |   China property

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A start-work ritual on 7 January, 1991 at the operational headquarters of Towngas in North Point. Yu Ling-sun, managing director of Hsin Chong (Foundations) Ltd, the contractor of the HK$300-million, 25-storey building, is on the far right of the photograph. Photo SCMP
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