History of Nanfeng Group

Nanfeng Textile Co., Ltd. was established in 1954. Nanfeng Spinning Factory is located in Tsuen Wan, covering a vast area. 1969 Chen recombined Nanfeng spinning and listed it in Hong Kong in April 1970. At that time, the legal share capital of Nanfeng Textile was 45 million yuan, and it has developed into a vertical enterprise group. After Nanfeng Textile went public, its business developed rapidly. By 1979, it has 104000 ring spindles and empty spindles, with a monthly output of 6.4 million pounds of cotton yarn, ranking the leading position in the textile industry in Hong Kong. Chen Ye is therefore known as the "King of Cotton Yarn".

After the mid-1970s, in view of the gradual decline of the textile industry and the promising development prospects of the real estate industry, Chen Tinghua began to shift his investment focus to the real estate industry and the securities market. In fact, as early as the low tide of 1967 real estate, Chen had purchased a large number of factory land and B-shaped land exchange certificates, which laid a solid foundation for the Group's future real estate development. When Nanfeng 1970 went to Shanghai, there were 413,000 square meters of industrial and residential buildings, 320,000 square meters of land exchange certificate, and128,000 square meters of agricultural land. It's a manufacturing real estate group.

1976, Nanfeng, through its subsidiary Nanfeng Development Co., Ltd., purchased a piece of land at King's Road, Taikoo Valley, Zeyuyong, Hong Kong Island, for more than 40 million yuan to build Nanfeng New Village. Nanfeng New Village Project is carried out in four phases, with a total of 12 houses, 28 to 32 floors and more than 2,800 sets, each set ranging from 474 to 692 square meters. In addition, there is a two-story parking lot and a garden platform. Nanfeng New Village was pre-sold from 1976 and sold out from 1978. The price per square foot rose from 200 yuan to 400 yuan. At that time, the bank's interest rate was low, and Nanfeng operated its own mortgage business in order to earn more profits. Since then, Nanfeng has become an important real estate group in Hong Kong.

In 2007, Nanfeng, Xinhe, Jiahua and Fulian International "Dream Combination" won the bid for plot B of Baishijiao reclamation in Tai Po for 4.55 billion yuan. It is estimated that the total investment of the three places will exceed 654.38 billion yuan, and it is estimated that *** 1000 units can be built in the three places.

On September 25th, 2009, Guanshi Development Co., Ltd. won all properties (former government quarters) in Blocks A and B of Yunhui Building, YUNDI Road 1, No.3 and No.5 in Hong Kong for HK$ 265,438+0.425 million. These units include 84 units and 84 designated parking spaces)

In May 10, 20 1 1, Nanfeng won the bid for No.37, Tung Chung City Lot, Area 55b, with an area of about 26,200 square meters, that is, the average foot price is 2,378 yuan, and the floor area that can be built is about1438 square feet.