International Business Settlement Holdings (0147) Stock Overview

International Business Settlement Holdings Limited, an investment holding company, engages in the property development business in the People's Republic of China and Hong Kong. The company operates through Property Development; Hotel Business; International Business Settlement; Contact Lens Business; Leasing and Trading of Computer Equipment Business; and Financing Business segments. It develops and sells commercial and residential properties; and undertakes land development activities for car parking spaces. The company provides settlement and clearing services for commercial and individual customers with the electronic money institution license; and hotel development and management services, as well as manufactures and sells disposable contact lens. In addition, it is involved in the provision of money lending, finance leasing, factoring, and other related services; and encrypted distributed storage space through leasing of servers and trading of computer equipment, as well as consultancy and goods trading activities. The company was formerly known as Chaoyue Group Limited and changed its name to International Business Settlement Holdings Limited in December 2016. The company was incorporated in 1993 and is headquartered in Causeway Bay, Hong Kong. International Business Settlement Holdings Limited is a subsidiary of Long Grand Limited.