Company Profile For Chinese Estates Holdings Limited

Chinese Estates Holding Limited is an investment holding company. Through its subsidiaries, the Company is principally engaged in property investment and development, brokerage, securities investment, money lending, and cosmetics distribution and trading. It develops both residential and commercial projects. The Company has seven segments: property development and trading; property leasing for retail; property leasing for non-retail; listed available-for-sale equity investments; floating rate and fixed rate notes; other listed held-for-trading investments and treasury products, and unlisted investments, investment holding and brokerage. On February 5, 2008, the Company acquired a 36.51% interest in G-Prop (Holdings) Limited (G-Prop), which increased its holding in G-Prop to 50.2%. As of December 31, 2008, the Company held a 61.96% interest in Chi Cheung Investment Company, Limited.

BRIEF: For the six months ended 30 June 2009, Chinese Estates Holding Limited's revenue increased 88% to HK$1.37B. Net income decreased 9% to HK$3.2B. Revenue reflects an increase in sales from Property development & trading and Property leasing for retail segments. Net income also reflects an increase in gross profit margins, a rise in other income and the absence of loss on disposals of investment properties.

Chinese Estates Holdings Limited
26th Floor, MassMutual Tower
38 Gloucester Road
Wanchai
   

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