GRANDJOY HOLDINGS GROUP CO., LTD. (GRANDJOY, formally known as COFCO Property (Group) Co., Ltd.) is a specialized company affiliated to China Oil & Foodstuffs Corporation (COFCO). COFCO, dominated by real estate business, is one of the first batch of 16 central enterprises approved by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), ranking 122 among the world’s Fortune 500 by its assets in 2018. SHENZHEN BAOHENG (GROUP) Co., Ltd., former company of GRANDJOY, was listed in Shenzhen Stock Exchange on October 8, 1993 (Stock Code: iarmt.com).
