YUEXIU PROPERTY COMPANY LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
14.58(1) Note 5 to 13.52
(Incorporated in Hong Kong with limited liability)
13.51A
(Stock code: 00123)
ANNOUNCEMENT
ADDITIONAL INFORMATION OF THE GROUP IN CONNECTION
WITH THE PROPOSED ISSUANCE BY A SUBSIDIARY OF
GUARANTEED CORPORATE BONDS IN THE PRC
This announcement is made by Yuexiu Property Company Limited (൳Ӹήପٰ΅Ϟ ࠢʮ̡) (the "Company", and together with its subsidiaries, the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Reference is made to the announcements of the Company dated 15 December 2017 and 18 December 2017 (collectively, the "Announcements") in relation to the proposed public issuance of guaranteed interest-bearing bonds with an aggregate principal amount of up to RMB7,000,000,000 (the "2018 Corporate Bonds") by Guangzhou City Construction & Development Co. Ltd. (ᄿψ̹̹۬ܔணක೯Ϟࠢʮ ̡) (the "Issuer"), a 95%-owned and a major subsidiary of the Company.
ADDITIONAL INFORMATION OF THE GROUP
In connection with the proposed issuance of the 2018 Corporate Bonds and in the interests of keeping the shareholders of the Company and the market informed, the Company would like to disclose the following information:
As at 30 September 2017, the statuses of the Issuer's proposed projects and projects under development are as follows:
Estimated | Investment | |||||
Total gross | total | Investment | amount to be | Estimated/ | ||
floor area | investment | amount | subsequently | commenced | ||
(square | amount | injected | injected | launch date of | ||
Location | Status | metres) | (RMB) | (RMB) | (RMB) | pre-sale |
Guangzhou | Project under | 3,102,163 | 24,625,730,000 | 14,643,510,000 | 9,982,220,000 | September 2016 - |
development | September 2020 | |||||
("PUD") | ||||||
Proposed project | 394,207 | 6,053,190,000 | 3,131,710,000 | 2,921,480,000 | December 2018 | |
("PP") | ||||||
Foshan | PUD | 22,139 | 1,943,280,000 | 197,560,000 | 1,745,720,000 | June 2018 |
Jiangmen | PUD | 457,075 | 3,311,840,000 | 1,350,100,000 | 1,961,740,000 | June 2016 - |
November 2017 | ||||||
PP | 413,424 | 2,434,500,000 | 1,225,810,000 | 1,208,690,000 | March 2018 - | |
October 2018 | ||||||
Zhongshan | PUD | 238,481 | 1,945,480,000 | 933,350,000 | 1,012,130,000 | August 2015 - |
December 2017 | ||||||
Wuhan | PUD | 169,437 | 2,228,650,000 | 1,041,100,000 | 1,187,550,000 | August 2015 - |
December 2017 | ||||||
PP | 444,305 | 3,395,140,000 | 1,404,550,000 | 1,990,590,000 | June 2018 - | |
April 2019 | ||||||
Hangzhou | PUD | 1,807,358 | 14,824,800,000 | 9,670,220,000 | 5,154,580,000 | December 2016 - |
June 2018 | ||||||
PP | 225,131 | 2,441,020,000 | 302,000,000 | 2,139,020,000 | May 2018 | |
Suzhou | PUD | 91,042 | 1,057,230,000 | 576,760,000 | 480,470,000 | September 2015 |
PP | 936,003 | 7,545,150,000 | 4,879,970,000 | 2,665,180,000 | July 2018 | |
Yantai | PUD | 214,985 | 1,178,120,000 | 417,920,000 | 760,200,000 | March 2017 |
Qingdao | PUD | 138,122 | 637,550,000 | 297,230,000 | 340,320,000 | March 2017 |
PP | 78,550 | 430,130,000 | 126,140,000 | 303,990,000 | March 2018 | |
Shenyang | PUD | 631,317 | 7,500,590,000 | 2,458,620,000 | 5,041,970,000 | June 2015 - |
December 2016 | ||||||
Haikou | PUD | 677,999 | 4,928,000,000 | 3,518,730,000 | 1,409,270,000 | December 2018 |
Total | 10,041,738 | 86,480,390,000 | 46,175,280,000 | 40,305,110,000 | - | |
-2- |
In addition, with respect to the three years ended 31 December 2016 and the nine months ended 30 September 2017, the Issuer's sell-through rates were 48.84%, 52.75%, 64.29% and 55.26%, respectively, which were at normal industry levels.
As mentioned in the Announcements, further information in relation to the proposed issuance of the 2018 Corporate Bonds is published on the website of the SSE (http://www.sse.com.cn). This includes the offering circular in relation to the Corporate Bonds that contains (among other things) financial information of the Issuer for the nine months ended 30 September 2017 which is published on the website of the SSE on the date of this announcement.
FURTHER ANNOUNCEMENTS
The Company will make further announcement(s) in respect of the issuance and listing of the 2018 Corporate Bonds as and when appropriate in compliance with the Listing Rules.
As the issuance of the 2018 Corporate Bonds is subject to a number of conditions, including but not limited to approvals of the SSE and any other relevant governmental or regulatory authorities, it may or may not proceed. Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.
By Order of the Board
Yuexiu Property Company Limited
Yu Tat Fung
Company Secretary
Hong Kong, 13 February 2018
As at the date of this announcement, the Board comprises:
2.14
Executive Directors:
ZHANG Zhaoxing (Chairman), ZHU Chunxiu, LIN Zhaoyuan, LI Feng and CHEN JingIndependent Non-executive Directors:
YU Lup Fat Joseph, LEE Ka Lun and LAU Hon Chuen Ambrose
Yuexiu Property Co. Ltd. published this content on 13 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 February 2018 12:25:06 UTC.
Original documenthttp://www.irasia.com/listco/hk/yuexiuproperty/announcement/a188819-eyxp.pdf
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