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The Chenxing • Time City project has successfully signed a deal.
On the morning of June 16, the signing ceremony for the Chenxing•Time City project was held in the third-floor conference room of the Jinzhong Economic and Technological Development Zone. Attendees included Wang Shengzhang, Vice Mayor of Jinzhong City; Wen Yucheng, Director of the Jinzhong Economic and Technological Development Zone Management Committee; Liang Ling, Deputy Director; Li Yingyao, President of the Jinzhong Branch of the Industrial and Commercial Bank of China; as well as Bai Xuan Kui, Chairman of the Board, and Bai Wu Kui, President of Chenxing Company. Representatives from Shanghai Guangyong Culture, Tujia.com, and the Shanxi Kindergarten affiliated with Beijing Normal University also attended the event. The Chenxing•Time City project aligns with the company’s strategic response to the national supply-side reform and the investment promotion policies of the Jinzhong Municipal Government, while also taking into account the current market dynamics.
2016-06-17
The company successfully held its Annual General Meeting of Shareholders.
At 10:00 a.m. on May 19, the company held its first annual general meeting of shareholders since going public, convened on the 6th floor of the office building located on Yingbin West Road. Shareholders and their appointed representatives, along with the company’s executive directors, independent non-executive directors, and senior management team, attended the meeting. During the session, the company discussed and approved several key agenda items, including the audited consolidated financial statements and the independent auditor’s report for 2015, the proposal to declare a final dividend for the year ended December 31, 2015, the re-election of retiring directors, and the renewal of the engagement with Ernst & Young as the company’s auditor. Additionally, Hong Kong Securities Clearing Company Limited, Ernst & Young, and Shinyon Fangyuan Corporate Services Group Co., Ltd. were also appointed.
2016-05-20
Juyou Capital Unveils Its Top Supplier Brand, Preferred by 500 Leading Developers Across Deeply Established Industries
On March 22, 2016, the highly anticipated Summit on Brand Assessments for Top 500 Developers and Preferred Suppliers was held as scheduled at China World Trade Center Tower 3 in Beijing. During the event, the "2016 China Real Estate Developer Top 500 Preferred Supplier Brand Assessment Report"—often referred to as the "Oscars" of the building materials industry—was officially unveiled. Notably, Oriental RainHong secured the top spot in the waterproofing category with an overwhelming lead, while Boss Appliance claimed the No. 1 position in the kitchen appliance sector thanks to its exceptional expertise. Meanwhile, other leading brands across various building materials and components industries also earned their rightful places among the top 10 choices of developers. The trend toward polarization continues to intensify, further concentrating advantageous resources among a select few leaders.
2016-05-03
Ministry of Land and Resources: High-inventory areas to reduce land supply until it is suspended.
2016-04-19
The company was honored as one of China's Top 500 Real Estate Enterprises in 2016.
On March 22, 2016, the "Results of the 2016 China Top 500 Real Estate Companies Assessment" were grandly unveiled in Beijing. For eight consecutive years, the China Real Estate Association and the China Real Estate Evaluation Center have conducted this comprehensive assessment, whose findings and research reports have earned widespread recognition within the industry, becoming a key benchmark for evaluating the operational strength and industry standing of real estate development enterprises. During the event, the China Real Estate Association and the China Real Estate Evaluation Center jointly released the "2016 Report on the Assessment of China's Top 500 Real Estate Development Enterprises," along with the "2016 Ranking of Preferred Supplier Service Brands Among China's Top 500 Real Estate Developers."
2016-03-28
Toshiba Elevator congratulates the company on its successful mainboard listing in Hong Kong.
On July 27, Mr. Bai Xuankui, Chairman of the company, and Mr. Bai Wukui, CEO, received a congratulatory letter dated July 13 from Mr. Kazunobu Hatanaka, President of Toshiba Elevator (China) Co., Ltd. (hereafter referred to as Toshiba Elevator), warmly celebrating the company’s successful listing and trading on the Main Board of the Hong Kong Stock Exchange. In his letter, President Hatanaka wrote: "Your company has established a long-term strategic partnership with us, becoming one of our most important customers in China. Over the years, our collaboration has been exceptionally smooth, fostering mutual brand advancement, effectively aligning production with demand, and enabling us to leverage our combined strengths for even greater success. Together, we continue to contribute positively to society." He concluded by wishing the company continued brilliance in its future endeavors.
2015-07-27
The company successfully listed on the Hong Kong Stock Exchange.
On the morning of July 3, Chenxing Development Holdings Limited (2286.HK) began trading on the main board of the Hong Kong Stock Exchange, with an opening price of HK$3.2. Chenxing Development marks the first company from our province to achieve an IPO listing on the HKEX main board—and remains the only enterprise from our province currently listed there. The successful launch of Chenxing Development on the HKEX main board sets a benchmark for other companies in our province seeking financing in overseas capital markets.
2015-07-10
Shanxi-based property developer Chenxing Development makes its international debut with a successful IPO.
On July 3, 2015, Chenxing Development successfully listed on the Hong Kong Stock Exchange, becoming Shanxi Province’s first publicly traded real estate company. This milestone marks the beginning of Chenxing’s new chapter in international expansion and positions the company as one of Shanxi Province’s most valuable brands—set to be remembered in the annals of Shanxi’s corporate development history. Chenxing Development is currently one of the largest real estate developers in Shanxi Province, holding national-level Grade-A real estate development qualifications and having earned ISO9001 certification for its quality management system. Since its inception in Jinzhong, Shanxi, in 1997, Chenxing Development has remained steadfast over the past two decades, adhering to the core values of "integrity and responsibility, pioneering innovation, people-oriented leadership, and commitment to serving society."
2015-07-06
Shanxi Province's first publicly listed property developer is born—starting in Jinzhong.
Our province has finally welcomed its first publicly listed property developer! On the morning of the 3rd, Chenxing Development, a company originally founded in Jinzhong City within our province and specializing in real estate and property development, successfully launched its IPO on the Hong Kong stock exchange after eight years of preparation. By the close of trading this afternoon at 4:00 p.m. Hong Kong time, Chenxing Development had recorded a turnover of HK$35.2 million, with the stock closing at HK$3 per share. In fact, Chenxing Development’s journey toward an IPO can be traced back to 2007, when its predecessor, Chenxing Real Estate, officially transformed into a joint-stock company in preparation for listing—and received strong backing from governments at various levels across our province. In 2009, Chenxing was even designated as one of the three key enterprises in our province slated for public listing support.
2015-07-04
The company has been honored with the title of "Top 10 Outstanding Private Enterprises in Jinzhong City."
2015-06-09
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