Shanghai Forte Land Explained

Shanghai Forte Land
上海复地
Foundation:1994
Founder:Guo Guangchang
Location City:Shanghai
Location Country:People's Republic of China
Key People:Chairman

Guo Guangchang

Area Served:People's Republic of China
Industry:Real estate
Parent:Fosun International
Homepage:Shanghai Forte Land

Shanghai Forte Land Company Limited (former stock codes: HKEX:2337), or Shanghai Forte Land and Forte Land, is one of the largest real estate developers in Shanghai, China. It is founded by Chinese billionaire Guo Guangchang in 1994 and it is headquartered in Shanghai.[1] It has developed several dozens of real estate projects in major cities such as Shanghai, Beijing, Wuhan, Nanjing, Wuxi, Chongqing, Tianjin, Haikou and Hangzhou.

Forte's H shares were listed on the Hong Kong Stock Exchange in 2004. It was planned to issue A shares in the Shanghai Stock Exchange in 2008.[2] Forte was acquired and privatized by Fosun International in May 2011.[3]

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Notes and References

  1. Web site: Shanghai Forte Land Co. Ltd.: Private Company Information - Bloomberg. www.Bloomberg.com. 27 July 2017.
  2. http://www.forte.com.cn/en/OurCompany/index.html Shanghai Forte Land Company Profile
  3. News: China's Fosun to buyout [sic] Forte Land for $320 million. 20 January 2011. Reuters. 4 July 2019.