| Business Summary | | New
China
Homes,
Ltd.
designs,
develops,
constructs,
markets
and
sells
spacious,
affordable
homes
in
planned
residential
communities,
which
are
targeted
at
Chinese
middle-income
families.
The
Company
also
designs,
develops,
constructs,
markets
and
sells
these
homes
in
mixed-use
development
projects.
The
Company
owns
98.2%
of
Shanghai
Chingchu,
which
acts
as
one
of
the
Company's
two
operating
subsidiaries.
It
was
founded
in
1997
to
become
a
developer
of
large,
planned
residential
communities
in
China's
private
home
building
market.
The
Company
also
owns
100%
of
Beijing
Chingchu
Zhichun
Gardens
Property
Development
Co.
Ltd.,
which
acts
as
its
second
operating
subsidiary.
It
was
founded
in
2000
to
develop
the
Company's
second
major
project
just
outside
Beijing,
Millennium
Towers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | New
China
Homes,
Ltd.
is
engaged
in
the
design,
development
and
marketing
of
contemporary
lifestyle
homes
for
China's
emerging
middle
income
families.
For
the
fiscal
year
ended
3/31/00,
total
revenues
fell
35%
to
HK$174.7
million.
Net
income
fell
81%
to
HK$4.6
million.
Revenues
reflect
the
recognition
of
revenues
in
1999
for
homes
delivered
in
fiscal
2000.
Earnings
also
suffered
from
increased
wages
and
benefits
and
marketing
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Trevor John Bedford, 65 | Chairman | Michael Chi Ning O'Young, 55 | Pres,
CEO, Director | Veronica O'Young, 56 | Sr.
VP of Sales and Marketing | Mark Kallan, 54 | Sr.
VP of Investor Relations | Gerald Breslauer, 63 | VP
- Investor Relations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|