From Dr. Check:-
The firm is mainly engaged in the leasing of office and commercial premises and also provides property management services. It also operates hotels.
Franshion is an unit of Sinochem, a top chemical concern in the mainland. It has already bought a stake in the commercial property developer China Jin Mao Group - another subsidiary of Sinochem.
Currently, Franshion's acquisition of a stake in Shanghai Yin Hui - yet another property developer - is awaiting regulatory approval. Jin Mao owns stakes in several hotels in China, including Hilton Sanya Resort & Spa, JW Marriott Shenzhen, Ritz-Carlton Sanya and Westin Beijing, which have a total of 2,488 guest rooms.
It also owns part of the Jin Mao Tower - a Shanghai landmark.
Franshion has a land bank of about 500,000 square meters, enough to meet development needs for the next five years. Around HK$2.80, the stock looks attractive.
Not vested.