Springland

Springland International Holdings Ltd (Chinese: 華地國際; pinyin: Huádì Guójì) is a Chinese retail company traded on the Hong Kong Stock Exchange. Springland International is predominantly a retail chain operator in the Yangtze River Delta. It operates department stores and supermarkets. [5]

For the house in Washington, D.C., see Springland (Washington, D.C.).
Springland
TypePublicly Traded
SEHK: 1700.[1]
IndustryRetail
FoundedJanuary 1, 1996 (1996-01-01)
FounderChen Jianqiang
Headquarters
Wuxi
,
China
Number of locations
6
Area served
China
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).[2]
ServicesDepartment stores
and Supermarkets.[3]
Revenue ¥8696.80 Million (2011)[4]
OwnerChen Jianqiang
SubsidiariesYAOHAN
SPRINGLAND
T&T Supermarket (Datonghua)
Websitewww.springlandgroup.com.cn

Springland International is also the holding company of YAOHAN, SPRINGLAND & T&T Supermarket (Datonghua).[6]

Background & IPO

Springland was founded in 1996 in Yixing, Jiangsu by Chen Jianqiang. In 2011, Chen was included in the Forbes list of richest people. This was shortly after his company was listed on the Hong Kong Stock Exchange in October 2010. IPO was floated 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.[7]

Department stores

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. [5] It has stores in;

Springland International’s department stores offer primarily following categories of merchandise; [5]

  • Fashion & apparel
  • Cosmetics
  • Jewellery & accessories
  • Footwear
  • Athletic apparel & casual wear
  • Children wear & home furnishing
  • Household & electronic appliances
  • Others

Supermarkets

Springland International’s supermarket offers food, and non-food merchandise. Most of the supermarkets are located in cities in the Greater Yangtze River Delta. [5]

Branding

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). [5]

Supermarket

Springland International operates its supermarket business under the trade name of Datonghua (Chinese: 大統華).[5]

References
  1. "Investor relations". Company website. Retrieved Jan 2012. Check date values in: |accessdate= (help)
  2. "Sr. Management". Company website. Retrieved Jan 2012. Check date values in: |accessdate= (help)
  3. "Corporate Profile". Company website. Retrieved Jan 2012. Check date values in: |accessdate= (help)
  4. "Unaudited Financial Info" (PDF). Company website. Retrieved Jan 2012. Check date values in: |accessdate= (help)
  5. "Enterprise Info". Company website. Retrieved Jan 2012. Check date values in: |accessdate= (help)
  6. "Group Brands". Company website. Retrieved Jan 2012. Check date values in: |accessdate= (help)
  7. "IPO". Reuters. Retrieved Jan 2012. Check date values in: |accessdate= (help)
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