HONG KONG, July 21 State-backed Greenland Group,
China's second-largest property developer, aims to double its
overseas sales to 40 billion yuan ($6.45 billion) in 2015 from
this year, as it diversifies away from the overheated sector at
The parent of Hong Kong-listed Greenland Hong Kong Holdings
Ltd also plans to double its overseas investment in
the next two to three years, according to a company statement
released on Saturday.
Earlier this year, Greenland Group said it aims to achieve
overseas sales of 20 billion yuan in 2014, including sales from
projects in Britain, the United States, Canada, Thailand and
Malaysia. Chairman Yuliang Zhang said overseas sales will
provide a new growth engine for the company.
Last Friday, the Shanghai-based company and Australia's
Crown Resorts Ltd said they will jointly bid for
Queen's wharf project to develop a luxury integrated resort.
($1 = 6.2063 Chinese Yuan)
(Reporting by Clare Jim; Editing by Ryan Woo)