HONG KONG,�CHINA - Media OutReach - 23 April 2019 - Jiayuan International Group Limited
(“Jiayuan International” together with its subsidiaries, collectively the
“Group”; SEHK stock code: 02768), an established property developer of both
large-scale residential and integrated commercial complex projects in China, is
pleased to announce that it has entered into the strategic cooperation
agreements with various financial institutions in the PRC under which the lines
of credit in an amount of RMB43 billion will be granted. Such financial
institutions include Baoshang Bank Co., Ltd., Daye Trust Co., Ltd., Guotong
Trust Co., Ltd. and AVIC Trust Co., Ltd. Meanwhile, the Group also announced that
it would offer private placement notes in an amount of approximately US$225
million to strengthen its financial position.
For granting the lines of credit in an amount
of RMB43 billion to Jiayuan International from several financial
institutions, it reflects the institutions’ confidence in Jiayuan
International’s prospect and their recognition to the Group’s performance in corporate
governance and its risk control capability.
Meanwhile, the announcement for launching the
offer for private placement notes of Jiayuan International in an amount of
US$225 million has been announced in Frankfurt. The notes to be issued will exchange
all outstanding senior notes due 2019 that Jiayuan International previously
issued. The issuance of the private placement notes is expected to be completed
within a short period of time.
Mr. Shum Tin Ching,
Founder and Chairman of Jiayuan International expressed, “A consistently strong financial position is the
important pillar to promote diversified business development. Financial
institutions in the PRC have stepped up their support for the private sector of
the economy. Jiayuan
International, as a leading privately owned enterprise under the support of
ample fund, will continue to expand business diversification with pragmatic manner.
In the future, the Group will continue to capitalise on the state policies by
acquiring lands or property development projects in the Yangtze River Delta and
Guangdong-Hong Kong-Macau Greater Bay Area through open auctions, merger and
acquisition or joint ventures. It will also seek to acquire quality property
projects in provincial capitals and economically vibrant cities in the PRC and the
regions which are covered by Belt and Road Initiative so as to maximise the shareholder
value.”
Jiayuan
International is an established property developer of large-scale residential
and integrated commercial complex projects in different major cities in the
People’s Republic of China (“PRC”). With over 20 years of experience in
property development, the Group develops property projects through
comprehensive planning, meticulous quality control, sophisticated operating
systems and experienced professional teams to meet the needs of different
regions and strengthen the Group’s brand image. As of 31 December 2018, the
Group has a portfolio of more than 45 property projects in China, covering the
cities of Nanjing, Yangzhou, Changzhou, Nantong, Taizhou, Zhenjiang and Suzhou.
Since 2016, the Group has taken the lead in entering Guangdong-Hong Kong-Macao
Greater Bay Area, and has successively obtained a number of quality projects in
Shenzhen, Jiangmen and Macau. In 2018, it established a joint venture company
in Hong Kong to formally enter the Hong Kong real estate market. It also acquired
the quality property projects in Shanghai, property management business and intends
to acquire the property projects in Anhui province from Mr. Shum Tin Ching, the
chairman of the Group. Such moves can consolidate Jiayuan International’s brand
influence in the Yangtze River Delta. In addition, the Group also succeeded in expanding
its market coverage to key provincial capital cities, including Guiyang and
Urumqi as well as the market of Cambodia – it signifies a milestone towards the internationalization
of the Group’s business.
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