Xu Rongmao - Shimao Group

Shanghai Shimao switches focus to malls from luxury appartements

June 8, 2007 3:55 am

June 7 (Bloomberg) — Shanghai Shimao Co., the luxury apartment developer owned by billionaire Xu Rongmao, will buy commercial properties for about 7.5 billion yuan ($983 million) in stock as ... Read more »

Profile of Xu Rongmao - Shimao Group

May 15, 2007 3:43 am

  But for all his reserve, Xu, a former textile factory worker, is one of China’s wealthiest entrepreneurs and a prime example of the mainland’s first generation of real estate ... Read more »

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