- CEO
- Xiangbiao Chen
- Full Time Employees
- 36
- Sector
- Finance
- Industry
- Real estate development
- Address
- Qianyangxia Village Wenling City ZH China
- IPO Date
- Dec 30, 2020
- Business
- Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited operates as a property leasing and management company primarily serving the measuring and cutting tools industry in Mainland China. Founded in 2003 and headquartered in Wenling City, Zhejiang Province, the company owns, operates, and manages a four-storey trading centre located in Qianyangxia Village, Wenqiao Town. The trading centre, encompassing approximately 74,204.7 square meters of gross floor area, serves as a commercial complex for product display, trade, and promotion to customers in the measuring and cutting tools market. The majority of the space is leased for investment purposes, with a portion reserved for the company’s offices. The company’s core business includes property leasing, property management, real estate development and management, conference and exhibition-related services, and e-commerce technology development specifically tailored to support the trading centre’s tenants and related market participants.
The trading centre is recognized as the nation’s largest in the measuring and cutting tools sector by trade volume, product variety, and number of brands, hosting more than 1,360 brands and facilitating significant trade activities. Recently, the company has been focusing on expanding its property leasing business specifically within the industrial park sector for measuring and cutting tools, reflecting a strategic shift to support broader industrial infrastructure development. Additionally, in recent times, Wenling Zhejiang Measuring and Cutting Tools Trading Centre announced the acquisition of land use rights valued at RMB 52.06 million as part of its growth and expansion initiatives. The company benefits from strong local government support from Wenling City, Taizhou Municipality, and Wenqiao Town authorities, enhancing its competitive positioning within the market.
Overall, Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited operates within the property leasing and trading centre management sector, targeting the measuring and cutting tools industry across China, with ongoing strategic investments in land and industrial property to bolster its market presence and service offerings. It trades on the Hong Kong Stock Exchange under the ticker 1379.HK. This overview reflects the company’s continued evolution as a key property platform supporting one of China’s largest specialized industry clusters.