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Sansheng Holdings (Group) Co.Ltd.
Stock Code 02183.HK
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  • Q:
    On which stock exchange are shares of Lifestyle Properties Development Limited ("Lifestyle Properties" or "Company") traded?
    A:

    Sansheng Holdings(Group) Co.Ltd shares are traded on the Main Board of The Stock Exchange of Hong Kong Limited. The stock code is 2183 .

  • Q:
    How is the process of a property acquisition and development project?
    A:

    The Company considers that the site selection process is fundamental to the success of a property project. Before it commences or launches any property development, the project management team of the Group conducts in-depth market analysis, due diligence activities and also communicates with local government regarding future development policies and plans which may affect the potential project. If results satisfactory, the Group seeks to acquire land use rights through: public tenders, auctions and listings-for-sale from the PRC government.

    The design planning team will be responsible for generating the master planning for each of its projects. Once the master design concept of a property development project is established, the team will contract out the detailed project design work to the selected architectural and interior design institutions through a tender process. Also, the Group has not maintained a designated construction team, but will contract out the construction work of its property developments to selected construction companies through a tender process.

  • Q:
    What is the leasing policy of the Group?
    A:

    Generally, the Company will check the vacancy and occupancy rates of the properties regularly. It will examine and review the reasons for the vacancy and determine the corresponding actions to be taken so as to enhance the occupancy rate.

    To decide whether to accept a leasing request, the Group has to consider if the business of a prospective tenant is compatible with its trade mix, if the prospective tenant can enhance the traffic flow and other values that it may bring to the property. Staff of the Group will monitor the tenants’ business performance by examining the tenants’ turnover records and the traffic flow of the property.

    Apart from in-house marketing team support, the Group may resort to external promotion assistance for the implementation of marketing plans and the production of marketing materials.

* The English names of the company is only English translation of its respective official Chinese name. In the event of any inconsistency, the Chinese version shall prevail.
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