China Sinostar Group Company Limited
0485.HK
Hong Kong Stock Exchange0.40
HKD
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China Sinostar Group Company Limited
0485.HK
(Hong Kong Stock Exchange)
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0.40
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- China Sinostar Group Company Limited China Sinostar Group Company Limited is an investment holding company principally engaged in property development, investment, management, and hydroelectric power generation primarily in the People's Republic of China. The company operates through four main segments: properties development, encompassing the design, construction, and sale of residential, commercial, and mixed-use properties such as the Xiguan Project in Huanren County, Liaoning Province featuring 775 residential units, 30 commercial units, and 121 parking spaces; Bagua Town Project I with 38 commercial units in a 7,543 sq.m. construction area completed in fiscal 2024; and Bagua Town Project II, a 14,700 sq.m. commercial development pending land delivery and construction start in October 2025; properties investment, involving leasing of land parcels and investment properties in Benxi City, Liaoning Province for commercial purposes generating rental income from fixed and variable lease payments; properties management, providing comprehensive services for residential and commercial properties including those developed by the group; and hydroelectric power business, operating and managing two stations in northern China connected to the national grid primarily for industrial use, contributing stable revenue through electricity sales. Incorporated in Bermuda in 1989 and headquartered at Unit 303, 3/F, New East Ocean Centre, No. 9 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong, the company, formerly known as Shihua Development Company Limited until its rebranding in October 2016, functions as a subsidiary of Achieve Prosper Capital Limited and employs 19 staff targeting markets in Liaoning Province. Recent developments include the completion of Bagua Town Project I construction in fiscal 2024 with sales commencing mid-2023; advancement of Bagua Town Project II with expected vacant land possession by end-September 2025 following resolution of holdout relocations via forced demolition orders, in-principle approval for gross floor area expansion to 19,700 sq.m., and planned funding via internal cash, loans, equity raises, subsidies, and pre-sales for completion by December 2026; board changes with Zhao Shuang's resignation and Zhao Hongxia's appointment as non-executive director effective 15 November 2024; share pledge assignments and sales involving 108.6 million shares (51% of issued capital) to Hong Kong Prince Mountain Limited in December 2024; change of Hong Kong share registrar in December 2024; and bond maturity extensions to 31 December 2024 at 0.7% monthly interest alongside ongoing repayment negotiations, reflecting strategic resource reallocation toward property scale expansion amid PRC real estate challenges.