The story
Greenland Holdings was created in 1992 to develop green belts around Shanghai. Starting around 2013, it began to make major investments in developments outside of China. As of 2014, these include Metropolis Los Angeles in Los Angeles, Spire London, a 235-metre residential skyscraper in the London Docklands, Greenland Centre Sydney in Sydney, Atlantic Yards in New York, and an 872 unit condo plus 122 room hotel complex in Toronto.
In 2014 the company took over Shanghai Jinfeng Investment (Chinese: 上海金丰投资) as part of a backdoor listing. Since June 2017, it has been part of Shanghai Stock Exchange's blue chip index: SSE 50 Index.
In July 2023, the company defaulted on a $432 million dollar bond.
From Wikipedia’s article on Greenland Holdings, shared under CC BY-SA 4.0.3