On the 15th, China Science and Technology Holdings and Tiansheng Group announced the establishment of “Tiansheng China Investment Co., Ltd.”. Zhongke Chuang Holdings said that the two parties will use the experience of the acquisition, transformation and reconstruction of the old buildings of the Tiansheng Group for more than 30 years. The company has deep integration of the urban renewal business in Hong Kong with strong integration capabilities at the capital and asset terminals.

According to the information, the Tiansheng Group, a partner of China Science & Technology Holdings, has been engaged in the old reform for 30 years in Hong Kong, has cooperated with developers such as Henderson Land, Sun Hung Kai Properties, Emperor Group, Swire Group, Chinachem Group, Hong Kong Ferry, Shanghai Commercial, Fengtai Fund, Far East Development, Sino Group, Jiulong Construction, Yu Taixing, Vanke and Country Garden, co-developed old buildings to update 111 plots of land, plot area of 1,002,882 square feet, and 518 old buildings.

According to China Science and Technology Holdings, Tiansheng China’s goal is to launch the establishment of the Hong Kong Urban Renewal Development Fund of HK$100 billion over the next three years, which will be completed in four rounds. 

According to the view, real estate new media understands that on January 6, 2018, China Science and Technology Co., Ltd. invested HK$9.95 billion to acquire No. 18 Jinghua Road, Hong Kong, and began to position itself as a city-based business that is based in Hong Kong and integrates global resources.