China Property Group Sinic Holdings is First Property Group to Delist from Hong Kong Exchange, Trading Suspended Since September 2021 after Defaulting

Shanghai, China Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.







China Property Group Sinic Holdings is First Property Group to Delist from Hong Kong Exchange, Trading Suspended Since September 2021 after Defaulting on $5.6 Million Interest Payments & Had IPO in 2019 with $1.82 Billion Market Value

7th April 2023 | Hong Kong

China property group Sinic Holdings is the first property group to be delisted from Hong Kong Exchange (HKEX) effective 13th April 2023, with trading suspended since September 2021 after defaulting on $5.6 million of interest paymentsSinic Holdings had a market capitalization of $229 million (HKD 0.50) in September 2021, having IPO in 2019 with $1.82 billion market capitalization (2019 November).   China property groups on delisting warning list include China Evergrande, China Aoyuan, Shimao Group, and Sunac Group.  Sinic Holdings is founded by Zhang Yuanlin in 2010.  HKEX: The Exchange announces that the listing of the Company’s shares will be cancelled with effect from 9:00 am on 13 April 2023 under Rule 6.01A(1).  Trading in the Company’s shares has been suspended since 20 September 2021. Under Rule 6.01A(1), the Exchange may delist the Company if trading does not resume by 19 March 2023.  The Company failed to fulfill the resumption guidance set by the Exchange and resume trading in its shares by 19 March 2023. On 24 March 2023, the Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under Rule 6.01A(1).  The Exchange has requested the Company to publish an announcement on the cancellation of its listing.  The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.

” China Property Group Sinic Holdings is First Property Group to Delist from Hong Kong Exchange, Trading Suspended Since September 2021 after Defaulting on $5.6 Million Interest Payments & Had IPO in 2019 with $1.82 Billion Market Value “

 



- Article continues below -
Web links may be disabled on mobile for security.
Please click on desktop.
Quick Links, Ads & Announcements
Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle

New to Caproasia
Sign Up | Subscribe | Register Events

The 2023 Investment Day | 6/6 HK & 13/6 SG
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th June 2023 in Hong Kong, 13th June 2023 in Singapore.
Visit | Register here




China Property Group Sinic Holdings is First Property Group to Delist from Hong Kong Exchange Shanghai, China Sinic Holdings

Sinic Holdings (Group) Company Limited is a large-scale and comprehensive property developer in the PRC, focusing on the development of residential and commercial properties. Through nearly 10 years of operations, the Company has successfully established a leading position among residential property developers in Jiangxi Province and expanded its property development business into the Yangtze River Delta Region, the Greater Bay Region and the Central and Western China Core Cities and Other Regions with High-Growth Potential. According to the rankings of CRIC, China Index Academy and EH Consulting, the company ranked 35th, 32nd, and 34st in terms of sales amount (including all income) among real estate development enterprises of China in 2020.The Company was recognized as one of the China’s Top 50 Real Estate Developers jointly by the China Real Estate Industry Association, Shanghai Yiju Real Estate Research Institution and China Real Estate Appraisal in 2018 and 2019, and one of the China’s Top 30 Real Estate Developers in 2020 and Growth Top 10 in 2020 by the China Real Estate Top 10 Research Committee and China Index Academy in 2020.

 

Mr. Zhang Yuanlin CEO and Chairman

Mr. Zhang Yuanlin (張園林), founded the Group in March 2010. Mr. Zhang has been a Director since 18 September 2018 and was re-designated as the chairman of the Board, an executive Director and the CEO on 14 May 2019. He ceased to be the CEO and was re-designated as the co-chairman of the Board on 2 March 2020, and was appointed as CEO and redesigned as Chairman on 1 October 2020. Mr. Zhang is primarily responsible for the overall business direction and strategic development of the Group. Mr. Zhang has also served as a director of Jiangxi Sinic Properties Investment Co., Ltd. (江西新力置地投資有限公司), a subsidiary of the Group, since March 2010. He has over 18 years of experience in the PRC real estate industry. From January 2002 to January 2006, he worked in Jiangxi Province Fifth Construction Group Co., Ltd. (江西省第五建設集團有限公司), a general contractor for construction engineering projects and infrastructure construction projects, with his last position as the general manager. From December 2005 to October 2018, he served as the executive director of Jiangxi Yuren Investment Co., Ltd. (江西裕仁投資有限公司). From August 2007 to January 2014, he served as the executive director of Jiangxi Fengcheng Hilton Properties Co., Ltd. (江西省豐城市希爾頓置地有限公司), a company engaged in the development of residential properties in Fengcheng City in Jiangxi Province of the PRC.

Mr. Zhang has received multiple awards in recognition of his outstanding achievements. He was named one of the “100 Most Influential Entrepreneurs in China’s Real Estate Industry in 2018” (2018中國房地產百強企業貢獻人物) as well as the “Leading Person of Real Estate in Nanchang in 2016” (2016南昌樓市領軍人物) by China Real Estate Top 10 Research Group (中國房地產Top 10研究組) in 2018 and 2016, respectively. In 2015, Mr. Zhang was recognized as a “Person with Outstanding Contributions in China’s Real Estate Industry in 2015” (中國品牌地產榮譽榜2015年傑出人物) by China Real Estate Business Alliance (全國房地產商會聯盟). He was also awarded the “Top 10 Figures in Jiangxi’s Real Estate Industry of the Year” (江西地產年度十大名人) by Jiangxi Real Estate Association (江西省地產協會) in January 2015.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?


Quick Links Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle

2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register

    You are:
    InvestorProfessionalFamily OfficeExecutive

    Select:
    TrialSubscriptionMembershipEvents

    Interests / Events / Summits / Roundtables / Networking:
    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights

    Your Name*

    Company*

    Job Title*

    Email 1 (Work / Personal)*

    Email 2 (Work / Personal)

    Country




    Web links may be disabled on mobile for security.
    Please click on desktop.






    New to Caproasia
    Learn More | Sign Up | Subscribe | Register Events

    Caproasia Users
    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs
    Caproasia Platforms | 10,000 Investors & Advisors
    • Caproasia.com
    • Caproasia Access
    • Caproasia Events
    • The Financial Centre | Find Services
    • Membership
    • Family Office Circle
    • Professional Investor Circle
    • Investor Relations Network
    Monthly Roundtable & Networking
    • Professional Investor
    • Family Office
    • HNW Partnership
    Family Office Programs
    • Family Office Circle
    • Family Office Networking
    • Family Office Roundtable
    • The Family Office Summit
    The 2023 Investment Day
    • 28th March 2023 - Hong Kong
    • 4th April 2023 - Singapore
    • April 2023 - Virtual
    • 6th June 2023 - Hong Kong
    • 13th June 2023 - Singapore
    • Sept 2023 - Hong Kong
    • Oct 2023 - Singapore
    • Oct 2023 - Hong Kong
    • Visit: The Investment Day | Register: Click here
    Caproasia Summits
    • The Investment Summit
    • The Private Wealth Summit
    • The Family Office Summit
    • The CEO & Entrepreneur Summit
    • The Capital Markets Summit
    • The ESG / Sustainable Investment Summit
    Contact Us For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]




    Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.

    Originally posted on: https://www.caproasia.com/2023/04/07/china-property-group-sinic-holdings-is-first-property-group-to-delist-from-hong-kong-exchange-trading-suspended-since-september-2021-after-defaulting-on-5-6-million-interest-payments-had-ipo-in-20/?utm_source=rss&utm_medium=rss&utm_campaign=china-property-group-sinic-holdings-is-first-property-group-to-delist-from-hong-kong-exchange-trading-suspended-since-september-2021-after-defaulting-on-5-6-million-interest-payments-had-ipo-in-20