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| Promotes Mutual Development through Financial and Internet Collaboration Platforms |
HONG KONG, June 13, 2014 - (ACN Newswire) - Modern Land (China) Co., Limited ("Modern Land" or the "Company", stock code: 1107.HK), a leading real estate developer in Chinas architectural energy-saving field, is pleased to announce the signing of a strategic cooperation agreement with Great Wall Pan Asia International Investment Company Limited (Great Wall Pan Asia), a subsidiary of China Great Wall Asset Management Corporation, whereby both parties intend to carry out in-depth cooperation in various fields, ranging from project financing, equity investment and mergers and acquisitions in order to promote the business development of both parties. The Company also announces the entering of a strategic cooperation agreement with MoJi FengYun (Beijing) Software Tech Developing Co., Ltd. (MoJi FengYun), which is the developer of MoWeather, a leading weather information application. The goal of such joint initiative is to achieve comprehensive integration between real estate community service and internet technology through the integration of virtual and reality, and marks another important collaboration of Modern Land with internet entity after clinching an agreement with Letv on 21 May.
Great Wall Pan Asia possesses enormous financing and fund-raising capability. Pursuant to the cooperation agreement, the Company will give priority to Great Wall Pan Asia when choosing external party for project financing; at the same time, the Company will also first consider Great Wall Pan Asia as a potential investor when carrying out equity financing for land acquisition, development and construction. On the other hand, Great Wall Pan Asia will offer support to the Company for pursuing mergers and acquisitions of real estate enterprises, assets restructure or increasing the market share in the real estate sector in the future through setting up mutual fund and PE fund, etc.
The cooperation agreement provides that since the parent company of Great Wall Pan Asia owns subsidiaries with extensive business scope, such as trust, financial consulting, asset trading services, life insurance and house purchasing, Great Wall Pan Asia can coordinate the provision of integrated financial services from the subsidiaries of its parent company to meet the needs of Modern Land. Besides, the Company and Great Wall Pan Asia will introduce customers to each other in order to promote the business development of both parties.
The cooperation between Modern Land and MoJi FengYun will focus on customers
experience. Airnut, the new brainchild of Moji FengYun, features temperature, humidity, PM2.5, noise and gravity sensor apparatus. It can be used with the other Apps developed by MoJi FengYun and offers air quality audio broadcasting and air quality alert functions. As a leader of green real estate in China, the Company has developed 10 major green technology systems, which can be applied to the MOMA product series. DiYi Asset under the Company engages in a full suite of businesses ranging from property, commercial, education and arts, with its diversified and integrated community services covering all aspects of MOMA product.
After cooperating with MoJi FengYun, Dinosaur No.1, an outdoor air filtering system of the Company (such system is the core technology of the fourth generation green technology products of the Company) will engage in in-depth cooperation with Airnut products of MoJi. Weather information of Airnut will be obtained through the TCS community mobile application platform developed by MOMA, through which intelligent interaction between human and air can be achieved. Such service will cover all communities of Modern Land and provide intelligent household experience to property owners, whereby the daily life problems posed by PM2.5 can be effectively solved. In the future, Dinosaur No.2, as an upgrade version of Dinosaur No.1, can ensure high air quality and air oxygen level as well as maintaining indoor temperature at 20-26℃, relative humidity at 30%-70% and noise level at 35-45 dB. Users can make real-time control and adjustment through mobile apps to keep household environment at optimum comfort.
The Company will also jointly establish a green technology experience centre with MoJi FengYun and Letv to let more customers to gain first-hand experience with the products of MoJi FengYun through large screen network. On the other hand, the Company will conduct further negotiation with Moji FengYun on strategic investments, introduce resources of investment banks and accomplish exchanges in various fields such as joint brand marketing, internet vision and corporate culture.
Mr. Zhang Lei, Executive Director, Founder and Chairman of the Modern Land, remarked: I am delighted with the entering of strategic cooperation agreements with Great Wall Pan Asia and MoJi FengYun, which are leaders from the financial and internet industries respectively. The strategic cooperation and joint development with enterprises of such magnitude has profound strategic significance for the three parties and materializes cross-sectoral cooperation. We wish to attain win-win results with successful financial enterprise and achieve breakthrough in the real estate market through internet perspective, which will give new internet impetus to the traditional real estate industry and more development opportunities to Modern Land.
Topic: Press release summary
Source: Modern Land (China) Co Ltd
Sectors: Daily Finance
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From the Asia Corporate News Network
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