Springland
Springland International Holdings Ltd is a Chinese retail company traded on the Hong Kong [Stock Exchange]. Springland International is predominantly a retail chain operator in the Yangtze [River Delta]. It operates department stores and supermarkets.
Springland International is also the holding company of YAOHAN, SPRINGLAND & T&T Supermarket.
Background & IPO
Springland was founded in 1996 in Yixing, Jiangsu by Chen Jianqiang. In 2011, Chen was included in the Forbes list of richest people. This was shortly after his company was listed on the Hong Kong Stock Exchange in October 2010. IPO was floated with aim to raise $478 million by selling 625 million shares. Of the offering, 80% were new shares and the rest were secondary shares. Morgan Stanley handled the IPO of Springland International.Department stores
Company focused on developing business in the Greater Yangtze River Delta and, the company was operating 10 department stores and 16 supermarkets there. It has stores in;Springland International's department stores offer primarily following categories of merchandise;