1321 fundamentals

China New City Group Ltd. is an investment holding company, which engages in property leasing, development, and management. It operates through the following segments: Commercial Property Development, Property Rental, Hotel Operations, and Others. The Commercial Property Development segment develops and sells commercial properties in Mainland China. The Property Rental segment leases investment properties. The Hotel Operations segment owns and operates a hotel. The Others segment focuses on the property management services business, which provides management and security services to commercial properties. The company was founded by Kan Cheng Shi in December 1997 and is headquartered in Hangzhou, China.