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glorious property holdings (845) Details

Glorious Property Holdings Limited, an investment holding company, develops and sells large-scale real estate properties in the People’s Republic of China. The company primarily develops residential, hotel, serviced apartment, office, and retail commercial properties. As of December 31, 2014, it had a total land bank of 14.8 million square meters in Shanghai Region, Yangtze River Delta, Pan Bohai Rim, and Northeast China. The company has approximately 31 projects in 13 cities, including Beijing, Tianjin, Shanghai, Wuxi, Suzhou, Nanjing, Nantong, Hefei, Harbin, Changchun, Shenyang, and Dalian. It is also involved in the wholesale of construction materials, mechanical equipment, and building materials; and provision of culture, advertising planning, advisory, business consulting, and business and property management services, as well as interior and exterior decoration, and renovation services. Glorious Property Holdings Limited was founded in 1996 and is headquartered in Central, Hong Kong.

907 Employees
Last Reported Date: 09/29/15
Founded in 1996

glorious property holdings (845) Top Compensated Officers

Chief Executive Officer, Vice Chairman of The...
Total Annual Compensation: CNY1.8M
Chairman of the Board, Chairman of Nomination...
Total Annual Compensation: CNY7.0M
Chief Financial Officer, Vice President, Exec...
Total Annual Compensation: CNY997.0K
Head of Project Budgeting, Vice President and...
Total Annual Compensation: CNY997.0K
Compensation as of Fiscal Year 2014.

glorious property holdings (845) Key Developments

Glorious Property Holdings Limited Announces Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2015

Glorious Property Holdings Limited announced unaudited consolidated cash flow results for the six months ended June 30, 2015. For the period, the company reported net cash used in operating activities of RMB 803,594,000 against RMB 3,020,211,000 a year ago. Purchases of property, plant and equipment was RMB 94,324,000 against RMB 251,232,000 a year ago.

Glorious Property Holdings Limited Announces Board Changes Effective September 17, 2015

The board of directors of Glorious Property Holdings Limited announced that Professor Liu Tao. has been appointed as an independent non-executive director of the Company, the chairman and a member of the Audit Committee and a member of the Remuneration Committee with effect from September 17, 2015. Prof. Liu was appointed as financial advisor and independent director of several large and medium scale enterprises. She is currently an independent director of Shanghai Liangyou Oils & Fats Company Limited and was an independent director of Shanghai Jielong Industry Group Corporation Limited. The Board announced that Ms. Tai Wing Kwan Catherine has tendered her resignation as the company secretary and authorized representative of the Company with effect from the close of business of September 16, 2015 in her own accord for further personal development. The Board also announced that Mr. Cheng Ka Hang Francis has been appointed as the company secretary and authorized representative of the Company with effect from September 17, 2015. Mr. Cheng joined the Company in 2011. He is an associate member of both The Institute of Chartered Secretaries and Administrators and The Hong Kong Institute of Chartered Secretaries. He has over 17 years of experience in compliance and company secretarial profession.

Glorious Property Holdings Limited Reports Unaudited Sales Results for the Month and Year to Date Ended August 31, 2015

Glorious Property Holdings Limited reported unaudited sales results for the month and year to date ended August 2015. For the month, the company achieved contracted sales of approximately RMB 189.4 million, representing a month-on-month decrease of 54.7% and a year-on-year decrease of 69.0%. The total contracted sold area was 12,359 square meters, representing a month-on-month decrease of 36.5% and a year-on-year decrease of 71.6%. The average contracted selling price was RMB 15,326 per square meter. For the eight months, the company reported total contracted sales and contracted sold area of the Group amounted to approximately RMB 2,737.4 million and 154,906 square meters, representing an increase of 4.4% and a decrease of 12.4% respectively as compared to the same period of last year. The average contracted selling price was RMB 17,671 per square meter.


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