Greenland's Parent Company Continues to Increase Shareholdings; A Full Endorsement in the Company's Development Potential

Wednesday, 13 January 2016, 10:15 HKT/SGT

HONG KONG, Jan 13, 2016 - (ACN Newswire) - Greenland Hong Kong Holdings Ltd ("Greenland Hong Kong" or the "Company", 337.HK), a subsidiary of Greenland Holdings Corporation Ltd ("Greenland Holdings" or the "Group", 600606.SH), a leading global real estate company, has recently seen increase in shareholdings from its parent company Greenland Holdings again. Since August 2015 till now, Greenland Holdings has continuously purchased shares of the Company, amounting more than 45,000,000 shares in total.

Mr. Chen Jun ("Mr. Chen"), Chairman of the board of Directors and Chief Executive Officer of Greenland Hong Kong, said, "The continuous shareholding increase by Greenland Holdings represents the recognition to the company's stock value and also shows the confidence in our corporate value and business prospects".

Recently, Greenland Holdings has been taking radical actions in building up a "big-finance" empire. Earlier, Greenland Holdings announced that its first post-listing non-public stock scheme plans to raise no more than RMB30.15 billion, out of which RMB10.15 billion is to be used in the financial sector. This has apparently highlighted its resolution of pushing forward the business in financial sector. Since coming into operation on May 27th last year, Greenland Financial Services, a subsidiary of Greenland Hong Kong, has made lots of materialized achievements. By the end of December 2015, the platform Greenland Guangcai had secured more than 320,000 registered customers, with B2B and B2C platforms' combined transactions hitting as much as RMB5.286 billion.

Last August, Greenland Holdings officially went public in the A-share market, completing the capital platform layout spanning A- and H-share. Meanwhile, Greenland Holdings has accelerated its pace in comprehensive upgrade and transformation, and achieved fruitful results in shifting business growth drives as well. In the perspective of capitals, Greenland has been making full use of financing platforms both at home and abroad, and has accordingly gained high appraisal from domestic and foreign capitals. Therefore, it is boasting of smooth financing channels and apparent advantages in costs.

As the most important financing platform of Greenland Holdings in Hong Kong, Greenland Hong Kong shall further carry out innovations and transformations in terms of capital platforms and industrial sectors by focusing on the Group's overall strategy. It shall continue to strengthen the company and jointly push forward the Greenland System's overall advantages in the capital market and industrial sector.

Recently, Greenland Hong Kong announced its annual contracted sale for the year of 2015. The contracted sales of the Company from January to December of the year 2015 achieved approximately RMB17.388 billion, an increase of RMB4.461 billion or 35% compared to the same period last year. The contracted gross floor area sold amounted to approximately 1,570,736 square meters and the corresponding average selling price amounted to RMB11,070 per square meter. Among the sales contribution, projects in Yangtze River Delta region accounted for 55% of the total contracted sales (30% from projects in Shanghai) and projects in Hainan witnessed a stable performance, accounting for 24% of the total contracted sales.

Besides, President Chen Jun indicated that over the past year, Greenland Hong Kong has accurately grasped at the market trend, orienting itself toward "market, innovation and profit", actively optimizing industrial layout, enhancing operational efficiency, striving for a pluralistic development and industrial amalgamation while consolidating its core businesses, and as a result, achieving stable growth of the overall performance. In the future, "as the evolution of the industrial restructuring in real estate industry proceeds, the new pattern of the market will come into being. This is a challenge, but also an opportunity. We can make extraordinary accomplishments once we grasp the key factors. In the future, Greenland Hong Kong will put more emphasis on operational quality, operational efficiency and the competitiveness of products, in order to establish market advantages and achieve all-round development in the aspects of resource platforms, corporate visions, management mechanisms and capital powers."

Under the strategic self-consciousness of seeking transformation initiatively, the company will realize a steady growth of the real estate sales, and continue to push forward the "big-finance" strategy at the same time. It will tightly stick to the two major features and advantages as Internet financial innovation and scientific innovation, and strike a better performance in the capital market in a bid to create bigger values for investors and solidify its layout of maintaining continuous growth of Greenland Hong Kong's mid- and long-term profits.

Topic: Press release summary Sectors: Daily Finance, Daily News
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