Formerly known as Tonic Industries Holdings Limited (Tonic Industries), China Merchants Land Limited (CML or the Company) was founded in April 1997 and listed on the Stock Exchange of Hong Kong Limited in October the same year. On 7 May 2012, China Merchants Property Development Co., Ltd (CMPD) acquired a 70.18% stake in Tonic Industries and became its controlling shareholder. On 1 November 2013, CMPD completed an injection of equity interests in 11 real estate projects and renamed the Company as China Merchants Land Limited, making it a professional property developer.