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China Real Estate Co., Ltd. (abbreviated as "Zhongfang Co., Ltd., stock code: 600890") is originally named Changchun Changling Industrial Co., Ltd. It is a joint stock limited company established through restructuring in 1993 with the approval of Changchun economic system reform committee. On March 18th, 1996, the company's a shares were listed and traded on the Shanghai Stock Exchange.
In 2003, the former major shareholder Changchun Changling Group Co., Ltd. transferred 29.78% and 22% of the shares to China Real Estate Development Group Co., Ltd. (hereinafter referred to as "China real estate group company") and Shanghai Weiya Industrial Investment Co., Ltd. China real estate group company has become the first major shareholder of the company, and put high-quality real estate equity assets through asset replacement, which realizes the transformation of the company's main business. In September, 2003, the name of the company was approved by the State Administration for Industry and Commerce and approved by Beijing Municipal Bureau of industry and commerce, and was changed to "China Real Estate Co., Ltd.". In 2006, Tianjin Zhongwei Trading Co., Ltd. won 22% of its equity, becoming the second largest shareholder of the company. In january2007, the company completed the share split reform, with the total share capital increased to 579194925 shares. In june2013, China housing group transferred 18.96% of its equity to Jiayi (Tianjin) Investment Management Co., Ltd. At present, the shareholding ratio of Jiayi (Tianjin) Investment Management Co., Ltd., a large shareholder, is 18.96%, and the second shareholder Tianjin Zhongwei Trading Co., Ltd. holds 18.42%.
After years of efforts, the company gradually got rid of the many historical problems left behind in the period of acquisition and reorganization, and the corporate governance structure was constantly improved. So far, it has developed long-term Tiandi project, Lecheng economic applicable housing project, Jingyuan residential project and Tianjin Kemo international apartment project in Beijing and Tianjin, and has achieved good economic benefits and market evaluation.
Looking forward to the future, we are confident to make the company bigger and stronger, and create greater value for shareholders!
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