Type Publicly Traded Industry Retail Headquarters China Founded 1 January 1996 Number of locations 6 | Traded as SEHK: 1700. Area served Hong Kong Founder Chen Jianqiang Owner Chen Jianqiang | |
Key people Chen Jianqiang (Executive Director)
Tao Qingrong (CEO & Executive Director)
Fung Hiu Lai (Executive Director & VP)
Wang Lin (Non-Executive Director)
Fung Hiu Chuen (Non-Executive Director). Services Department stores
and Supermarkets. Stock price 1700 (HKG) HK$ 1.40 +0.04 (+2.94%)30 Mar, 4:00 PM GMT+8 - Disclaimer Subsidiaries Changshu Yaohan Commerce & Trade Co., Ltd. | ||
Springland International is a Publicly Traded retail company in Hong Kong. Springland International is predominantly a retail chain operator in the Greater Yangtze River Delta. It operates department stores and supermarkets.
Contents
- Background IPO
- Department store Business Operations
- Supermarket Business Operations
- Department store
- Supermarket
- References
Springland International is also the holding company of YAOHAN, SPRINGLAND & T&T Supermarket (Datonghua).
Background & IPO
Springland International was founded in 1996 by Chen Jianqiang. In 2011, Chen was included in the Forbes list of richest people. This was shortly after his company was listed on Hong Kong stock exchange in Oct 2010. IPO was floted with aim to raise $478 million by selling 625 million shares (price range HKD 4.85 to HKD 5.93 each). Of the offering, 80% were new shares and the rest were secondary shares. Morgan Stanley handled the IPO of Springland International.
Department store: Business & Operations
Company focused on developing business in the Greater Yangtze River Delta and (as at 30 June 2010), the company was operating 10 department stores and 16 supermarkets there. It has stores in;
Springland International’s department stores offer primarily following categories of merchandise;
Supermarket: Business & Operations
Springland International’s supermarket offers food, and non-food merchandise. Most of the supermarkets are located in cities in the Greater Yangtze River Delta.
Department store
Springland International operates its department stores (other than department stores in Wuxi, Ma’anshan, Nantong & Zhenjiang), under the trade name of Springland (Chinese: 華地). In Wuxi, Ma’anshan, Nantong & Zhenjiang, the department stores are operated under trade name of Yaohan (Chinese: 八佰伴).
Supermarket
Springland International operates its supermarket business under the trade name of Datonghua (Chinese: 大統華).