Sino-Ocean Land
Encyclopedia
Sino-Ocean Land is a real estate
state-owned joint-venture enterprise in Mainland China, which is a subsidiary
company of COSCO (Hong Kong) Group
. It was established on 12 June 1993 under its previous name of "COSCO Real Estate Development Corporation".
It is one of the largest real estate companies in Beijing
and has a diversified portfolio of development projects and investment properties in Beijing, Pan-Bohai Bay
, Yangtze River Delta
, and Pearl River Delta
regions.
On 12 March 2007, it was incorporated
in Hong Kong
whose shares were listed on the Hong Kong Stock Exchange
in September 2007 with its IPO price at HK$7.7 per share.
Since 10 March 2008, Sino-Ocean Land joined Hang Seng China-Affiliated Corporations Index Constitute Stock (red chip
stock).
Real estate
In general use, esp. North American, 'real estate' is taken to mean "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; an item of real property; buildings or...
state-owned joint-venture enterprise in Mainland China, which is a subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
company of COSCO (Hong Kong) Group
COSCO (Hong Kong) Group
COSCO Group Limited is one of the largest Chinese state-owned conglomerate in Hong Kong, which is wholly owned by COSCO Group. Its business include shipping services, coatings manufacturing, insurance, information technology, freight forwarding, property development and management.Its listed...
. It was established on 12 June 1993 under its previous name of "COSCO Real Estate Development Corporation".
It is one of the largest real estate companies in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
and has a diversified portfolio of development projects and investment properties in Beijing, Pan-Bohai Bay
Bohai Bay
Bohai Bay is one of the three bays forming the Bohai Gulf, the innermost gulf of the Yellow Sea, in northeast China. It borders Hebei province and Tianjin Municipality...
, Yangtze River Delta
Yangtze River Delta
The Yangtze River Delta, Yangtze Delta or YRD, also called Yangzi, or Chang Jiang Delta, Rive Chang Delta Tai Lake Region or the Golden Triangle of the Yangtze, generally comprises the triangular-shaped territory of Wu-speaking Shanghai, southern Jiangsu province and northern Zhejiang province of...
, and Pearl River Delta
Pearl River Delta
The Pearl River Delta , Zhujiang Delta or Zhusanjiao in Guangdong province, People's Republic of China is the low-lying area surrounding the Pearl River estuary where the Pearl River flows into the South China Sea...
regions.
On 12 March 2007, it was incorporated
Incorporation (business)
Incorporation is the forming of a new corporation . The corporation may be a business, a non-profit organisation, sports club, or a government of a new city or town...
in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
whose shares were listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in September 2007 with its IPO price at HK$7.7 per share.
Since 10 March 2008, Sino-Ocean Land joined Hang Seng China-Affiliated Corporations Index Constitute Stock (red chip
Red chip
Red chips stocks are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. The actual business is based in mainland China and controlled, either directly or indirectly, by the central, provincial or municipal governments of the Peoples' Republic of China...
stock).