Shimao Group
Shimao Group Holdings Ltd. (), formerly Shimao Property Holdings Ltd. (), is a diversified real estate development company that specializes in property development, property investment, and hotel operations in the People's Republic of China. The group develops large-scale residential projects, hotels, and other commercial buildings in prime locations, and it is one of the largest property developers in the People's Republic of China. As of February 2013, Shimao Property Holdings Ltd. owned a bank of land totaling 36.2 million square meters, making it one of the top real estate developers in China in terms of land bank size. The group's projects have been well received by property buyers and investors in China and internationally, and they have won several awards. The group is headquartered in Wan Chai, Hong Kong, and Shanghai. History Shimao Property Holdings Ltd. was founded in 2001 by Chinese entrepreneur and billionaire, Hui Wing Mau. Hui Wing Mau's son Jason is the group's current Vice Chairman. The company was listed on the Stock Exchange of Hong Kong (SEHK: 813) in 2006 with an IPO price of HK $6.25 per share and an initial public offering of HK $3.72 billion, or roughly $480 million. In April 2022, Shimao