Summary: Beijing Huaye Real Estate Co. Ltd was transformed from a textile and apparel company through an asset restructuring and its primary business is now the of development and sale of residential real estate in Beijing and the leasing of commercial property in Shenzhen. Major project sites of the company include 'Huaye Oriental Rose Garden' and 'Zhaoyang Garden'. Beijing Huaye has at least six subsidiary companies involved in the real estate business.
The company's stock price reached its maximum intraday limit in three consecutive trading sessions on 3, 4 and 7 Jul 2008, thus constituting an unusual price movement.
The company has made
