China Merchants Land Ltd
Formerly known as Tonic Industries Holdings Limited (Tonic Industries), China Merchants Land Limited (CML or the Company) was founded in April 1997 and listed on the Stock Exchange of Hong Kong Limited in October the same year. On 7 May 2012, China Merchants Property Development Co., Ltd (CMPD) acquired a 70.18% stake in Tonic Industries and became its controlling shareholder. On 1 November 2013, CMPD completed an injection of equity interests in 11 real estate projects and renamed the Company as China Merchants Land Limited, making it a professional property developer.
The Company has equity interests in 21 development projects in Guangzhou, Foshan, Nanjing, Chongqing and Xi’an, representing a combined gross floor area of approximately 9 million sqm. Apart from establishing presence in these five cities, the Company will seek opportunities for property investment in new domestic markets, tapping into those with good economic development potential. The Company will also proactively explore opportunities overseas by leveraging on CMG’s experience as well as competitive edge in this regard.
|Nature of Business