Gree Real Estate’s stock surged following its decision to increase fundraising efforts to acquire 100% of Zhuhai Duty Free. This strategic move marks Gree’s significant entry into the duty-free retail sector, leveraging Zhuhai’s growing market potential in the Greater Bay Area.
About Gree Real Estate
Gree Real Estate is a Chinese company primarily engaged in property development and management. It is known for its diverse portfolio, which includes residential, commercial, and industrial properties. The company’s focus on innovative development projects and quality real estate services has established it as a significant player in the Chinese real estate market. gree.cn
About Zhuhai Duty Free
Zhuhai Duty Free operates within the duty-free retail sector, offering a wide range of products exempt from certain local or national taxes and duties. Located strategically, it caters to travelers and tourists, enhancing their shopping experience with an array of goods typically found in duty-free stores. The company’s operations are significant in the context of Zhuhai’s position as a key commercial and travel hub in China’s Greater Bay Area. zhuhaidutyfree.com
For more information, you can read the full articles on The Moodie Davitt Report and on Yicai Global.