Coastal Greenland Ltd (Hong Kong Stock Exchange: 1124)


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Business Description
Coastal Greenland Limited is an investment holding company. The principal activities of its subsidiaries comprise property development, property investment and provision of property management services. The Company operates in three segments: property development segment, engaged in the development of properties for sale in the People’s Republic of China (PRC); property investment segment, which invests in commercial and residential properties located in the PRC for their rental income potential and/or for capital appreciation, and property management segment, engaged in the management of properties in the PRC. During the fiscal year ended March 31, 2011, it disposed of 80% equity interest in Foshan Harmonious Realty, and acquired 100% equity interest in Coastal Greenland Development (Anshan) Ltd. The Company’s subsidiaries include Coastal Commercial Developments Limited, Coastal Realty (BVI) Limited and Capital Top Trading Limited, among others.