Shanghai Tower Construction and Development Co., Ltd. was set up on December 5, 2007. The Shanghai Tower Construction & Development Co., Ltd., represents an equity partnership between Shanghai Chengtou Corporation, Luijiazui Finance & Trade Zone Development Co., Ltd., and Shanghai Construction Group. The three shareholders jointly provide fund for the development, construction and operation of Shanghai Tower. With a registered capital of 8.6 billion yuan (US$ 1250 million), the three shareholders have equity ratios of 51 percent, 45 percent and 4 percent, respectively. Shanghai Tower aims to become a landmark building, powered by the funding, technology and experience of its shareholders. The tower is fully conversant with market demand, and completes the functional allocation of a high-rise, making it a respectable, green, vertical city. The staff pursues the “highest, noblest and most exquisite” design and development objectives for Shanghai Tower with the corporation spirit of “passion, harmony, innovation, and practicality”.
Under the Shanghai Tower Construction and Development Co., Ltd., Shanghai Tower Business Operations Co., Ltd. is responsible for the leasing, sightseeing, banquet and convention business; Shanghai Tower CBRE Property Management Co., Ltd. is mainly responsible for the professional property management of Shanghai Tower and Shanghai Tower Properties Management Co., Ltd， while Shanghai Tower Hotel Management Co., Ltd, as the owner of Shanghai Tower J-Hotel, is mainly responsible for the operation and supervision of the hotel.
Shanghai Tower Shareholders
Shanghai Chengtou Corporation
Shanghai Chengtou Corp. was established in July 1992 as Shanghai Urban Construction, Investment and Development Co. In 2014 it was transformed as a limited liability company, under supervision of the State-owned Assets Supervision and Administration Commission of the Shanghai Municipal Government. Shanghai Chengtou Corp has three group companies, two listed companies and several core enterprises under its umbrella. With a registered capital of 50 billion yuan and more than 17,000 employees, it is a state-owned, mega group company specializing in investment, construction and management of urban infrastructure.
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.
Shanghai Lujiazui Finance and Trade Zone Development Co., Ltd. was established on August 30, 1992. A shares (600663) and B shares (900932) issued by the company were listed on the Shanghai Stock Exchange on June 28, 1993, and November 22, 1994, respectively. The firm’s business covers real estate development, management, sales and leasing, as well as the development and construction of urban public infrastructure.
Shanghai Construction Group Co., Ltd.
Shanghai Construction Group (SCG) is a listed company (stock code: 600170) and a leading construction company in China. In the past 60 years, SCG finished many projects with quality and played an active part in urban development across the country. The company built many skyscrapers, big bridges, railway stations, hotels, office towers, cultural and sports facilities, factories and environmental works.