GuocoLand keen to grow presence in China
It has identified Greater Shanghai and Chongqing as areas for growth; it expects China and Singapore to contribute equally to the bottom line in the medium to long term
Nisha Ramchandani
Singapore
GUOCOLAND is keen to deepen its presence in its core market China, singling out Greater Shanghai and Chongqing as areas for potential growth.
In Greater China, provinces such as Jiangsu and Zhejiang could offer opportunities for the developer to grow its footprint, group managing director of GuocoLand China, Hoon Teck Ming, told The Business Times.
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook
Marco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder