Shanghai Tower Construction Development Co., Ltd.
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CHN
Description
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 Municipal Investment(Group)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”.