Annual Report 2016
CONTENTS
01 | Corporate Profile | 24 | Board of Directors |
02 | Timeline | 27 | Key Management |
04 | Property Portfolio | 29 | Corporate Governance |
12 | Chairman's Message | 62 | Financial Contents |
18 | Interview with Group CFO | 152 | Statistics of Shareholdings |
& Executive Director
22 Organisation Structure
154
Notice of Annual General Meeting Proxy Form
CWG INTERNATIONAL LTD.ANNUAL REPORT 2016 01
COrpOraTE prOfilE
CWG International Ltd. ("CWG" or "the Group") is an international real estate group with businesses that include real estate investment and development, fund and asset management, spanning across Singapore, Australia, the United States ("U.S.") and China. The Group was established in 2002 and grew rapidly to be listed on the Mainboard of the Singapore Exchange in 2014 (SGX: ACW).
The Group has an established track record in developing quality residential and commercial properties and to date, has successfully delivered a total saleable gross floor area ("GFA") exceeding 2.7 million square metres ("sqm") over 28 projects in China and one project in Australia. The Group's portfolio also includes education facilities such as campuses and international schools.
Since 2014, the Group has embarked on an internationalisation strategy to diversify its property development business across different markets, and has since expanded to Australia with the successful handover of its first overseas project, Vivir in Brisbane, in 2016. In the U.S., CWG marked its maiden foray in 2016 with a mixed development project in Los Angeles ("L.A."), California, comprising retail, hotel and residential units. Within China, CWG is ranked as one of the Top 100 Real Estate Development Enterprises, with property projects spanning across the heart of the Yangtze River Delta Region, including Shanghai, Suzhou, Nanjing and Wuhan.
In the fund and asset management business, CWG seeks to generate recurring income streams from both management fees and property rental, with a key focus on educational assets. This will provide earnings stability to the Group, and more importantly, accelerate its growth using capital from its fund management business. To date, its subsidiary Richmont Capital has successfully raised eight funds with total assets under management in excess of USD100 million, that have been applied to the Group's projects.
01
CWG INTERNATIONAL LTD.ANNUAL REPORT 2016
CWG INTERNATIONAL LTD.02 ANNUAL REPORT 2016
TiMEliNE
Entered
Los Angeles, U.S.
Proposed name change
MAY JULY JUNE AUGUSTProposed geographical expansion and share buyback mandate
Restructured board committee
prOjECTS DElivErED
2Q
1Q
Xuancheng
3Q Suzhou Royal
Vivir Brisbane
Chiway Top Town (Phase 3, District B)
Palace (Phase 2)
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CWG INTERNATIONAL LTD.ANNUAL REPORT 2016
Chiwayland International Ltd. published this content on 06 April 2017 and is solely responsible for the information contained herein.
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