Hopson Development

Hopson Development Holdings Limited or Hopson Development (SEHK: 754), established in Guangzhou, China in 1992, is one of the five largest real estate private companies in Guangdong Province.

[1] It was listed on the Hong Kong Stock Exchange in 1998.

[2] Its headquarters were previously in Zhujiang New Town, Guangzhou.

[3] On October 4, 2021, during the Evergrande liquidity crisis, the Cailian Press reported that Hopson Development was set to buy a 51% stake in Evergrande for around 5 billion United States dollars.

[4] However, by October 20, The Guardian reported that this value was decreased to 2.6 billion dollars, and that activity surrounding such deal with suspended following objection by the Guangdong provincial government, which is overseeing Evergrande's restructuring.