- CEO
- Wen Bo Liu
- Full Time Employees
- 34,835
- Sector
- Finance
- Industry
- Real estate development
- Address
- Building 1-1 Chongqing CH China 400042
- IPO Date
- Dec 3, 2019
- Business
- New Dazheng Property Group Co., Ltd. New Dazheng Property Group Co., Ltd. (002968.SZ) is a China-based independent third-party property service provider specializing in the operation and management of smart city public infrastructure and urban public buildings. Founded in 1998 and headquartered in Chongqing, the company offers comprehensive property management services, professional management services, and value-added services for diverse property types including educational institutions, public facilities, aviation complexes, office buildings, industrial parks, sports venues, healthcare facilities, municipal properties, and commercial and residential developments; it also provides special services such as cleaning, security, public facilities management, and catering operations primarily across China with a focus on key regions like the Chengdu-Chongqing economic belt. The company serves government entities, public institutions, and commercial clients in the real estate services sector, leveraging nearly three decades of experience to deliver tailored solutions for complex public sector properties amid China's urbanization and smart city initiatives. In recent developments, New Dazheng plans to acquire approximately 75.15% equity in Jiaxin Liheng Facility Management (Shanghai) Co., Ltd. through share issuance and cash payments, supplemented by fundraising, to expand into integrated facility management, green energy management, large-scale event security, and nationwide coverage in regions including the Yangtze River Delta, Bohai Rim, and Greater Bay Area; it also won bids to acquire stakes in Jiangxi Zhongze Xindazheng Property Co., Ltd. and pursued other asset restructurings to enhance its service portfolio and strategic positioning.