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Greentown Management (09979.HK) Establishes Overseas Business Division; Multiple Projects in Negotiation Stage
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Greentown Management (09979.HK) announced during its 2025 annual results presentation that 2026 marks the beginning of the company's 'Strategy 2030' initiative, with a strategic vision upgraded to 'Leader in Comprehensive Real Estate Full-Cycle Services in China.' While consolidating its main business of project management, the company aims to explore new growth directions by extending the value of the industrial chain and geographical space. In terms of industrial chain extension, Greentown Management will prioritize the development of related businesses with strong synergy to its main project management business, including new home sales agency, fine decoration, property services, leasing operations, and urban renewal. The company will not pursue unrelated diversification but will focus on leveraging its core business capabilities. Currently, the company's design-related professional firms have established a relatively mature business system, contributing stable profits, and related home decoration businesses are progressing steadily. In terms of geographical space extension, Greentown Management is focusing on overseas project management. The management disclosed that the company has established an overseas business division and is conducting preliminary research and capability reserve construction around key markets, intending to explore opportunities along the 'Belt and Road' and in Chinese communities, leveraging the global resources of China Communications Construction Group. Several projects are currently in the negotiation stage. Greentown Management also stated that it will continue to adhere to the direction of 'building on core business, expanding through innovation.' The main project management business remains the primary source of profit and cash flow, while innovative businesses will be promoted as stabilizers for the entrepreneurial cycle and long-term incremental sources. (ta/u) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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