Redsun Services Group Limited
Redsun Services Group Limited (弘陽服務集團有限公司) is a property management services company incorporated in the Cayman Islands and listed on the Main Board of The Stock Exchange of Hong Kong (stock code: 1971) since its initial public offering in July 2020, which raised approximately US$53.5 million. The on-file registry record for this profile is sourced from China’s SAMR/GSXT public search system and records the entity’s country as China, with no registration number, incorporation date or legal form disclosed; this appears to correspond to a mainland Chinese operating entity rather than the Cayman Islands-incorporated, Hong Kong-listed company that trades under this exact English name, and the mismatch could not be resolved from public sources.
The Group provides property management services, value-added services to non-property owners, and community value-added services, operating chiefly in the Yangtze River Delta region of mainland China from its operating base in Nanjing, Jiangsu Province. Most of its managed portfolio consists of residential and commercial developments built by its principal customer and affiliate, Hong Kong-listed developer Redsun Properties Group Limited (stock code: 1996), founded in Nanjing in 1999, which has developed more than 200 projects across over 60 mainland Chinese cities.
For the year ended 31 December 2025, Redsun Services Group reported a consolidated net loss attributable to equity holders of RMB38.5 million, against a profit of RMB14.4 million in 2024, and the board did not recommend a final dividend.
Since late 2024 the company has been affected by financial distress in its controlling shareholder’s wider group. Redsun Properties Group has pursued an offshore debt restructuring since 2024, repeatedly extending creditor deadlines through 2026. In October 2025, a pledgee enforced security over shares representing 72.77% of Redsun Services Group’s issued capital that had been pledged by its controlling shareholder as restructuring collateral, placing that stake into receivership. A dispute over an extraordinary general meeting convened by the receivers led the company to suspend share trading in 2026, before it recognised the meeting as valid ahead of its 25 June 2026 annual general meeting. In February 2026 the company also terminated a parking-space sales and leasing agency arrangement with Redsun Properties Group, citing an outstanding receivable of about RMB502 million. By August 2026 the company had returned to normal reporting cadence, scheduling a board meeting for 25 August 2026 to approve interim results for the six months ended 30 June 2026.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Shareholders of Redsun Services Group Limited
Until October 2025, Redsun Services Group Limited’s controlling shareholder was Redsun Services Group (Holdings) Limited, a British Virgin Islands company that held 301,994,000 ordinary shares, approximately 72.77% of issued share capital, per the company’s Hong Kong Stock Exchange disclosures. That entity sits beneath a chain of wholly owned intermediate holding companies, Hong Yang Group Company Limited and Hong Yang International Limited, the latter owned as to 50% by Hong Yang Group (Holdings) Limited (itself wholly owned by Mr. Zeng Huansha) and as to 50% directly by Mr. Zeng Huansha.
This structure has been materially disrupted since 21 October 2025, when GLAS Agency (Hong Kong) Limited (formerly Serica Agency Limited), as pledgee under notes issued by affiliate Hong Seng Limited as part of parent developer Redsun Properties Group’s 2024 offshore debt restructuring, enforced its security over the pledged 72.77% stake and appointed Wong Wing Sze Tiffany and Edward Simon Middleton as joint receivers and managers. By 31 December 2025, 285,000,000 shares (68.67% of issued capital) had been transferred to the receivers, who subsequently acted as requisitioning shareholders in an April 2026 move to reshape the board. The company has stated the share seizure has had no significant impact on its business operations, financial condition or solvency. Effective voting control over the majority stake currently rests with the court-appointed receivers rather than the original beneficial-ownership chain.
Ultimate beneficial ownership
Prior to the October 2025 receivership, Mr. Zeng Huansha was the disclosed ultimate beneficial owner of the controlling 72.77% stake, holding an effective 100% interest through the wholly and jointly owned chain described above. Following the pledge enforcement and appointment of receivers, voting control of the pledged shares has passed to the receivership, and no source reviewed confirms whether Mr. Zeng Huansha retains beneficial entitlement to the shares pending resolution of the underlying debt dispute.
Data availability
Major shareholders only: reportable interests are disclosed under Hong Kong’s Securities and Futures Ordinance disclosure-of-interests regime, and the complete underlying shareholder register is not public. Ownership is also currently disputed following the October 2025-2026 receivership and governance contest described above. The on-file registry record for this profile, sourced from China’s SAMR/GSXT system, provides no shareholder information relevant to this Hong Kong-listed entity.
Sources
- HKEXnews, Redsun Services Group Limited circular, https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0323/2023032301306.pdf, 23 March 2023, retrieved 10 September 2026
- South China Morning Post, "Chinese developer Redsun’s property management arm hit by share seizure in Hong Kong", https://www.scmp.com/business/article/3330174/chinese-developer-redsuns-property-management-arm-hit-share-seizure-hong-kong, 22 October 2025, retrieved 10 September 2026
- TipRanks (Hong Kong Stock Exchange announcement summary), "Controlling Shareholders Move to Reshape Board at Redsun Services Group", https://www.tipranks.com/news/company-announcements/controlling-shareholders-move-to-reshape-board-at-redsun-services-group, 7 April 2026, retrieved 10 September 2026
Officers
9
Directors and officers of Redsun Services Group Limited
The on-file officer record for this profile lists 5 of 9 disclosed officers, all shown as active with no appointment or resignation dates: Hongbo Jia and Charmayne Chan as joint company secretaries, Chunhuang Hu as Chief Financial Officer, Yichun Chen as Chief Executive, Executive President of the Group and Executive Director, and Mei Yee Yung as an additional joint company secretary. This could not be fully reconciled with the company’s 2026 Hong Kong Stock Exchange filings, which identify a person named Jia Hongbo, evidently the same individual as "Hongbo Jia" above, as an Executive Director rather than as a company secretary. This appears to be a discrepancy in the on-file role classification rather than two different people, though it could not be conclusively confirmed from public sources.
The board underwent an unusually contested restructuring in 2026 following the October 2025 receivership of the controlling shareholder’s stake (see Group structure below). In April 2026 the receivers, acting as requisitioning shareholders holding approximately 68.67% of issued shares, sought to remove one executive director and three independent non-executive directors and appoint replacements. The validity of the resulting 28 May 2026 extraordinary general meeting was initially disputed by the board, leading to a trading suspension, before the company recognised the meeting’s procedural validity ahead of its 25 June 2026 annual general meeting.
Recent officer changes
- 21 October 2025 onward: Receivers appointed over the controlling shareholder’s pledged shares subsequently requisitioned board changes, disputing the roles of at least one executive director and three independent non-executive directors. Source: South China Morning Post, 22 October 2025; TipRanks, 7 April 2026.
- 28-29 May 2026: An adjourned extraordinary general meeting convened by the receivers produced disputed resolutions on director removals and appointments; the company initially questioned the meeting’s validity and suspended trading. Source: TipRanks, 29 May 2026.
- 25 June 2026: At the annual general meeting, shareholders re-elected Jia Hongbo as executive director and Wang Fen and Zhao Xianbo as independent non-executive directors, and reappointed CCTH CPA Limited as auditor, all by 100% poll support. Source: TipRanks, 25 June 2026.
Data availability
Partial: the on-file officer record is incomplete (5 of 9 disclosed officers) and includes at least one apparent role misclassification. No officer’s nationality is disclosed in any source reviewed; the "CN" address recorded on file is a correspondence address only and must not be read as nationality or residence. Board composition should be treated as fluid given the disputed 2026 governance contest described above.
Sources
- South China Morning Post, "Chinese developer Redsun’s property management arm hit by share seizure in Hong Kong", https://www.scmp.com/business/article/3330174/chinese-developer-redsuns-property-management-arm-hit-share-seizure-hong-kong, 22 October 2025, retrieved 10 September 2026
- TipRanks, "Controlling Shareholders Move to Reshape Board at Redsun Services Group", https://www.tipranks.com/news/company-announcements/controlling-shareholders-move-to-reshape-board-at-redsun-services-group, 7 April 2026, retrieved 10 September 2026
- TipRanks, "Redsun Services Flags Disputed Shareholder Meeting, Board Changes and Trading Suspension", https://www.tipranks.com/news/company-announcements/redsun-services-flags-disputed-shareholder-meeting-board-changes-and-trading-suspension, 29 May 2026, retrieved 10 September 2026
- TipRanks, "Redsun Services Shareholders Back All AGM Resolutions, Re-elect Directors and Renew Mandates", https://www.tipranks.com/news/company-announcements/redsun-services-shareholders-back-all-agm-resolutions-re-elect-directors-and-renew-mandates, 25 June 2026, retrieved 10 September 2026
Registry feed — rows exactly as filed with SAMR — public search via GSXT (National Enterprise Credit Information Publicity System), including entries the profile above does not cover.
Group Structure
Group structure of Redsun Services Group Limited
Redsun Services Group Limited is not an independent company. Its immediate parent, per Hong Kong Stock Exchange disclosures, is Redsun Services Group (Holdings) Limited, incorporated in the British Virgin Islands, which held 301,994,000 shares (72.77% of issued capital) until those shares were placed into receivership in October 2025 (see Shareholders above). Redsun Services Group (Holdings) Limited is wholly owned by Hong Yang Group Company Limited, wholly owned in turn by Hong Yang International Limited, which is owned as to 50% by Hong Yang Group (Holdings) Limited (wholly owned by Mr. Zeng Huansha) and as to 50% directly by Mr. Zeng Huansha, making Mr. Zeng Huansha the ultimate controlling party of the pre-receivership ownership chain.
The same Hong Yang Group ownership chain also sits above Redsun Properties Group Limited (Hong Kong Stock Exchange: 1996), the Nanjing-founded property developer for which Redsun Services Group provides most of its property management services. This makes Redsun Properties Group Limited a verified sister company under common ultimate ownership, rather than merely a commercial counterparty. Redsun Properties Group has itself been in offshore debt restructuring since 2024, and shares in Redsun Services Group’s controlling shareholder were pledged as collateral for notes issued by group affiliate Hong Seng Limited as part of that restructuring, the pledge whose enforcement triggered the October 2025 receivership.
The on-file group-linkage record for this profile states that no parent, subsidiary or ownership linkage is available. This is outdated and does not reflect the verified structure described above.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Redsun Services Group (Holdings) Limited | British Virgin Islands | Not disclosed | Immediate parent | 72.77% (shares under receivership since Oct 2025) | Active; shareholding disputed | 31 December 2025 |
| Hong Yang International Limited | Not disclosed | Not disclosed | Indirect parent (via Hong Yang Group Company Limited) | Wholly owns the immediate parent chain | Not disclosed | 2023-2025 circulars |
| Redsun Properties Group Limited (HKEX: 1996) | Cayman Islands | Not disclosed | Sister company (common ultimate owner, Mr. Zeng Huansha) and principal commercial counterparty | Not applicable; no direct equity link | Active, HKEX-listed; in offshore debt restructuring | 30 April 2025 |
Recent structural changes
- 21 October 2025: GLAS Agency (Hong Kong) Limited enforced its pledge over the controlling shareholder’s 72.77% stake and appointed joint receivers and managers. Source: South China Morning Post, 22 October 2025.
- 4 February 2026: Redsun Services Group and Redsun Properties Group mutually terminated their parking-space sales and leasing agency framework agreement, with Redsun Services Group pursuing recovery of an approximately RMB502 million receivable. Source: TipRanks, 4 February 2026.
- April-June 2026: Receivers holding 68.67% of shares requisitioned, and after an initial validity dispute secured recognition of, a board reshape at the company’s 28 May 2026 extraordinary general meeting. Source: TipRanks, 7 April and 29 May 2026.
Data availability
Partial: the immediate parent and ultimate controlling individual are verifiable through Hong Kong Stock Exchange circulars, and the sister-company relationship with Redsun Properties Group Limited is verified through the same ownership chain, but current effective control of the pledged majority stake is disputed and unsettled following the 2025-2026 receivership. The on-file group-linkage record for this profile is outdated and should not be relied upon.
Sources
- HKEXnews, Redsun Services Group Limited circular, https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0323/2023032301306.pdf, 23 March 2023, retrieved 10 September 2026
- HKEXnews, Redsun Properties Group Limited circular, https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0430/2025043003622.pdf, 30 April 2025, retrieved 10 September 2026
- South China Morning Post, "Chinese developer Redsun’s property management arm hit by share seizure in Hong Kong", https://www.scmp.com/business/article/3330174/chinese-developer-redsuns-property-management-arm-hit-share-seizure-hong-kong, 22 October 2025, retrieved 10 September 2026
- TipRanks, "Redsun Services Ends Parking Space Agency Deal with Redsun Properties, Focuses on Recovering RMB502 Million", https://www.theglobeandmail.com/investing/markets/markets-news/Tipranks/39880/redsun-services-ends-parking-space-agency-deal-with-redsun-properties-focuses-on-recovering-rmb502-million/, 4 February 2026, retrieved 10 September 2026
Get complete shareholder and officer records, ultimate beneficial owner resolution, and ongoing ownership monitoring.
Frequently Asked Questions
What does Redsun Services Group Limited do?
Redsun Services Group Limited is a Cayman Islands-incorporated property management company listed on the Hong Kong Stock Exchange (stock code: 1971), providing property management, value-added and community value-added services chiefly in the Yangtze River Delta region of China, mostly for developments built by its affiliate Redsun Properties Group Limited.
Who owns Redsun Services Group Limited?
Until October 2025, Redsun Services Group Limited's controlling shareholder was Redsun Services Group (Holdings) Limited, a British Virgin Islands company holding 301,994,000 shares (72.77%); GLAS Agency (Hong Kong) Limited then enforced a pledge over that stake as part of parent developer Redsun Properties Group's debt restructuring, and 68.67% of shares had passed to court-appointed receivers by 31 December 2025.
Who is Redsun Services Group Limited's UBO (Ultimate Beneficial Owner)?
Prior to the October 2025 receivership, the disclosed ultimate beneficial owner of Redsun Services Group Limited's controlling stake was Mr. Zeng Huansha, who held an effective 100% interest in the Hong Yang Group holding chain above Redsun Services Group (Holdings) Limited; his current beneficial entitlement to the pledged shares is unconfirmed pending resolution of the receivership.
Is Redsun Services Group Limited still an active company?
Redsun Services Group Limited's status on SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) is listed as active.
What is Redsun Services Group Limited's registered address?
The registered address on file for Redsun Services Group Limited is Nanjing, China.
What is Redsun Services Group Limited's revenue?
For the year ended 31 December 2025, Redsun Services Group Limited reported a consolidated net loss attributable to equity holders of RMB38.5 million, compared with a profit of RMB14.4 million in 2024, and the board did not recommend a final dividend, according to the company's annual results announcement.
Is Redsun Services Group Limited listed on a stock exchange?
Redsun Services Group Limited has been listed on the Main Board of The Stock Exchange of Hong Kong under stock code 1971 since its initial public offering in July 2020, which raised approximately US$53.5 million; trading was suspended in 2026 amid a governance dispute before the company recognised the disputed meeting's validity ahead of its 25 June 2026 annual general meeting.
Who are the officers/directors of Redsun Services Group Limited?
Following a contested extraordinary general meeting on 28 May 2026 whose validity the board initially disputed, Redsun Services Group Limited's 25 June 2026 annual general meeting re-elected Jia Hongbo as executive director and Wang Fen and Zhao Xianbo as independent non-executive directors, and reappointed CCTH CPA Limited as auditor, all by 100% shareholder poll.
Does Redsun Services Group Limited have a parent company or subsidiaries?
Redsun Services Group Limited's immediate parent, Redsun Services Group (Holdings) Limited (British Virgin Islands), and its principal commercial counterparty, Hong Kong-listed developer Redsun Properties Group Limited (stock code: 1996), sit under the same Hong Yang Group ownership chain ultimately controlled by Mr. Zeng Huansha, making Redsun Properties Group a verified sister company rather than merely a customer.
Can Zavia monitor changes to Redsun Services Group Limited's ownership over time?
This profile reflects a point-in-time snapshot from SAMR — public search via GSXT (National Enterprise Credit Information Publicity System). Zavia's monitoring API can track changes to Redsun Services Group Limited's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Redsun Services Group Limited's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including China, so records like Redsun Services Group Limited's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) and was last synced on 11 August 2026.