China New Town Development Company Limited (stock code of Hong Kong Stock Exchange: 1278) (the "Company" or "CNTD") was listed on the main board of the Stock Exchange of Hong Kong Limited on 22 October 2010.
In March 2014, Guokai International Holdings Limited ("CDI"), a wholly-owned subsidiary of Guokai Financial Co., Ltd. ("CDC"), completed the subscription of 5347921071 issued shares of CNTD, becoming the controlling shareholder of CNTD. CDB Finance, a wholly owned subsidiary of China Development Bank Co., Ltd. ("CDB"), inherits CDB's resources and brand advantages, and has a national network in the new town development business sector. At this point, the company has officially become the only listing platform for CDB and CDF in the new urbanization business plate, by giving full play to the resources and experience advantages of the controlling shareholders, and combining the policy guidance and opportunity of domestic new urbanization, to create a leading new type of urbanization investment and operation brand in China. On June 11, 2021, Guokai International signed a share transfer agreement with Wuxi Transportation Industry Group Co., Ltd. ("Wuxi Transportation Group") and its wholly-owned subsidiary Xitong International (Hong Kong) Holdings Limited ("Xitong International"). Guokai International agreed to transfer 29.99% of its shares in the Company ("share transfer") to Xitong International Agreement. On September 28, 2021, the delivery of this share transfer was completed. Xitong International holds about 29.99% of the shares of the company, and Guokai International Holdings holds about 24.99% of the shares of the company.
Since 2014, combined with the development trend of China's new urbanization and the company's resource advantages, the company has gradually clarified its development ideas and business strategy, and on the basis of continuing to follow the national policy guidelines, combined with the needs of regional economic development and residents' living demands, the introduction of brand products in the areas of improving people's livelihood, including tourism, health, medical treatment, etc., to improve the quality of life and experience of residents. With the support of shareholders Xitong International and Guokai International Holdings, and combined with the resources and advantages of major shareholders, the Company has defined a new business development strategy and launched a business transformation plan. actively expand relevant investment in industries such as large health industries, strategic emerging industries, information technology application innovation and other industries that meet the prospects for the development of the new economy, and cultivate new business tracks and main business directions.
At present, in the fixed income project sector, our projects are located in areas with good economic development across the country, which can provide the company with stable income and cash flow. In the field of investment in improving people's livelihood, the company has participated in the development of projects such as Shanghai Luodian New Town Project, Beijing Mentougou District Junzhuang Town Project, Wuhan Optical Valley New Development International Center, etc. Wuhan Optical Valley New Development International Center project is the company's acquisition of Lenovo Mobile Communication Software (Wuhan) Co., Ltd. in 2018, located in Wuhan Donghu Optical Valley High-tech Development Zone. After operation in recent years, the project has maintained a good level of occupancy and has become a standard property project in Wuhan. In the new business segment, the company fully relies on the resource advantages of shareholders and cooperates with market high-quality industrial investment institutions to reserve a number of high-quality project resources to lay a good foundation for follow-up development.
Under the background of the national policy of supporting the new type of urbanization, we are confident that we can realize the steady improvement of the company's asset scale and business performance by fully relying on the resource advantages of shareholders and the rich experience of the project team.
CEO： Yuhai Liu
Market： Hong Kong motherboard
Listing Date： 10/22/2010