How it started
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 (price range HKD 4.85 to HKD 5.93 each). Of the offering, 80% were new shares and the rest were secondary shares. Morgan Stanley handled the IPO of Springland International.
From Wikipedia’s article on Springland International, shared under CC BY-SA 4.0.2
