China New City Group Limited (C7B.F)

0.0550 +0.0060 (+12.24%) At close: 08:05AM CEST

China New City Group Limited

Xinhang Business Center
Building 6, 5th Floor Long Zhang Road Xihu District
Hangzhou
China
86 57 1837 37878
https://www.chinanewcity.com.cn

Sector(s): Real Estate
Industry: Real Estate - Development
Full Time Employees: 1,256

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Nanlu Shi	CEO & Executive Director	118.68k	N/A	1983
Mr. Jianrong Jin	Executive Director	149.84k	N/A	1969
Mr. Caihe Lin	CFO & Company Secretary	N/A	N/A	1991

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

China New City Group Limited, an investment holding company, engages in the commercial property development, leasing, and hotel operations in Mainland China and internationally. The company operates through four segments: Commercial Property Development, Property Rental, Hotel Operations, and Others. It develops, owns, operates, and sells integrated commercial complexes in sub-city centers of second-tier cities in the Yangtze River Delta region. The company leases investment properties, including offices and shopping malls; and provides property, project, and theatre management services, as well as education development services. In addition, it owns and operates four hotels, which include the Ningbo Bright Hotel, Huaibei Bright Hotel, Hangzhou Qiandao Lake Bright Resort Hotel, and Zhong An Holiday Inn Hangzhou Xiaoshan. The company was formerly known as China New City Commercial Development Limited and changed its name to China New City Group Limited in November 2023. China New City Group Limited was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China. China New City Group Limited operates as a subsidiary of Ideal World Investments Limited.

Corporate Governance

China New City Group Limited’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.