Hopson Development Holdings Limited or Hopson Development (), established in

Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and Chinese postal romanization, alternatively romanized as Kwongchow or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, sou ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...

in 1992, is one of the five largest

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more genera ...

private companies A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

Guangdong Province Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) ...

. (The others are

Country Garden Country Garden () is a property development company based in Guangdong, China, owned by Yang Guoqiang's family. In 2020, it is ranked 147th in Fortune Global 500 List. Country Garden features a market capitalization of over US$29.84 billion ...

Evergrande Real Estate Group The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the ''Fortune'' Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai ...

R&F Properties R&F Properties () is a Chinese property developer based in Zhujiang New Town, Guangzhou, Guangdong. Established in 1994, it is one of the largest-scale real estate companies in Guangzhou. It is engaged in integrating real estate design, developme ...

and

Agile Property Agile Property Holdings Limited () is a land developer with its business focused in Guangdong Province, China. It was established in 1985 as a furniture maker in Zhongshan City, and entered the property business in 1992. On December 15, 2005, Ag ...

.) It focuses on property developments, including

residential A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas. Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family resi ...

property,

commercial Commercial may refer to: * a dose of advertising conveyed through media (such as - for example - radio or television) ** Radio advertisement ** Television advertisement * (adjective for:) commerce, a system of voluntary exchange of products and s ...

property,

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a re ...

and

tourist Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. The World Tourism Organization defines tourism ...

property, and

property management Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monit ...

business, in major

Mainland Mainland is defined as "relating to or forming the main part of a country or continent, not including the islands around it egardless of status under territorial jurisdiction by an entity" The term is often politically, economically and/or dem ...

cities A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be def ...

such as Guangzhou,

Beijing } Beijing ( ; ; ), Chinese postal romanization, alternatively romanized as Peking ( ), is the Capital city, capital of the China, People's Republic of China. It is the center of power and development of the country. Beijing is the world's Li ...

Tianjin Tianjin (; ; Mandarin: ), alternately romanized as Tientsin (), is a municipality and a coastal metropolis in Northern China on the shore of the Bohai Sea. It is one of the nine national central cities in Mainland China, with a total popu ...

and

Shanghai Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...

. It was listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is rep ...

in 1998. Its headquarters are in

Chaoyang District, Beijing Chaoyang District () is a core district of Beijing. It borders the districts of Shunyi to the northeast, Tongzhou to the east and southeast, Daxing to the south, Fengtai to the southwest, Dongcheng, Xicheng and Haidian to the west, and ...

. Its headquarters were previously in

Zhujiang New Town Zhujiang New Town or Zhujiang New City is a central business district in Tianhe District, Guangzhou, Guangdong, China. It is bounded by Huangpu Avenue on the north, the Pearl River on the south, Guangzhou Avenue on the west and the South Chin ...

. On October 4, 2021, during the

Evergrande liquidity crisis The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the Fortune Global 500, ''Fortune'' Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquarte ...

, the Cailian Press reported that Hopson Development was set to buy a 51% stake in

Evergrande The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the ''Fortune'' Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai ...

for around 5 billion

United States dollars The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

. However, by October 20th, 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.

References

External links

Hopson Development Holdings Limited
{{Real estate companies of China Companies listed on the Hong Kong Stock Exchange Real estate companies of China Privately held companies of China Companies based in Guangzhou Real estate companies established in 1992 Chinese companies established in 1992

See also

References

External links