GreaterChina Technology revenue this year mainly from rent & feed trading

Cheng Kit Yin Kelly, chairman of GreaterChina Technology Group (8032), said after the board meeting that the group planned to sell the residential project in Shanghai, which was about 16,000 square meters. The price was estimated to be RMB6700 per-square-meter, while the market price of the neighborhood area was RMB7000. The company bought back part shareholding of the property project in the open auction in the earlier time.Furthermore, the group made full provisions for the development projects of Hainan Yangpu Land Development. He said the main revenue of the company would still come from the rent and feed trading this year and the turnover was expected to increase.

Related stock : (8032)