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11 Dec 2020

Wonderful Sky Financial Group Assists Datang Group Holdings Limited (Stock Code: 2117.HK) with the Successful Listing on HKEx

Datang Group Holdings Limited (Stock Code: 2117.HK) was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today.

 

Datang Group is a property developer in China focused on the development of residential and commercial properties in selected economic regions. Datang Group has expanded business into mainly six economic regions in China, including the Western Taiwan Strait Economic Region, Beibu Gulf Region and Neighboring Cities, Beijing-Tianjin-Hebei Region, Midstream Parts of the Yangtze River Region, Yangtze River Delta Region and Chengdu-Chongqing Region. In 2020, Datang Group was ranked 88th among the Top 500 Real Estate Property Developers in China in terms of comprehensive strength by China Real Estate Association and China Real Estate Appraisal Center. In 2018 and 2019, Datang Group was ranked first and third, respectively, among property developers in terms of contracted sales amount in urban areas of Zhangzhou by the CRIC. In 2018 and 2019, Datang Group was one of the top three property developers in Nanning in terms of contracted sales amount by the CRIC.

 

Datang Group intends to further solidify the market position in the six economic regions while expanding into selected cities that Datang Group considers to have high growth potential in these regions. Datang Group is primarily engaged in the development of residential properties, including the Youth Series, Royalty Series and Impression Series, which generally target customers with a demand for their first homes, and first and second home upgrades, respectively. Datang Group follows Chinese design philosophy and strive to infuse distinctive Chinese design elements into property designs. Datang Group has received numerous awards and recognitions for property designs. In 2017, Tong’an Shuiyunjian in Xiamen received the “Oscar Comfortable Living Award for Residential Properties in Xiamen” fromXiamen Press Media Group, Xiamen Cultural and Broadcast Media Group and Xiamen Evening News. See “Business — Awards and Recognitions” for more information on awards and recognitions.

 

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