Anzeige
Mehr »
Login
Freitag, 29.03.2024 Börsentäglich über 12.000 News von 687 internationalen Medien

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
Dow Jones News
48 Leser
Artikel bewerten:
(0)

EQS-News: China New Town partners with National IC Industry Fund, a hundred billion national fund to bring in Industrial Park Projects Its project portfolio is expected to be profoundly diversified via the cooperation

(EQS-News / 27/05/2015 / 19:21 UTC+8) 
 
[For immediate release] 
 
// 
 
China New Town partners with National IC Industry Fund, 
 
a hundred billion national fund 
 
to bring in Industrial Park Projects 
 
Its project portfolio is expected to be profoundly diversified via the 
cooperation 
 
(Hong Kong and Singapore, 27 May 2015) - China New Town Development Company 
Limited - the future blueprint planner and leading developer of integrated 
new towns in China (the "Company", "CNTD", the "Group"; HKSE: 1278.HK; SGX: 
D4N.SI), is pleased to announce that the Company has entered into the 
Strategic Cooperation Framework Agreement (the "Agreement") with Sino IC 
Capital Management Company Limited ("Sino IC Capital"). 
 
Founded under the leadership of China Development Bank Capital Corporation 
Limited ("CDB Capital"), the Company's controlling shareholder, Sino IC 
Capital is the sole manager of the National Integrated Circuit Industry 
Investment Fund Ltd. ("National IC Industry Fund" or the "Fund"). As an 
industrial investment fund with state-level support, National IC Industry 
Fund was co-founded by CDB Capital, China National Tobacco Corporation, 
China Mobile Communications Corporation, etc., with fund under management 
designated at over RMB 120 billion. The goal of the Fund is to attract 
social capital and technology for the investment and development of the 
integrated circuit industry, closely following the national policies. 
 
Pursuant to the Agreement, the mutual cooperation between CNTD and Sino IC 
Capital will be mainly dedicated to the intersectional value chains of the 
integrated circuit industry and township development, on six aspects namely 
business development, construction of new industrial parks, industrial park 
transformation, integrated services, strategic alliance, preferential 
project allocation, so as to build long-term partnership with which the 
mutual strategic complementarities and synergies will be fully leveraged. 
The Fund will preferentially use CNTD as the industrial park developer and 
integrated service provider for ancillary facilities construction, property 
development, operations and investment sourcing of its investee industrial 
parks. To fully utilize its excellent network, Sino IC Capital shall 
introduce the Company to the local government partners and main players in 
the integrated circuit industry, so as to help the Company explore 
diversified profit models in the fields of construction and engineering, 
ultimately strengthening the Company's own project sourcing capabilities 
through the relationship network with local governments and leading 
industry players. CNTD will fully utilize its strategic resources and 
industry experience to provide one-stop commercial service solutions for 
the industry park initiated by the Fund. 
 
As business opportunities arisen from the hundred-billion investments 
emerge throughout the entire country, the framework agreement is expected 
to embody an impetus to the Group's project pipeline. The spokesman of CNTD 
comments, "The cooperation with the national fund would not have been 
reached without the vigorous support of our controlling shareholder, CDB 
Capital. CDB Capital is currently one of the largest investment institutes 
in China with its investment spanning across strategic sectors supported by 
national policies, such as urbanization, alternative energy and high-tech 
industries. CDB Capital has entrusted the Company with its systematic 
advantages for the expansion of its project portfolio. The strategic 
cooperation is a solid proof which reflects CDB Capital's commitment in the 
Company and also a solid evidence of the synergies and growth opportunities 
brought by CDB Capital's core business of investments and the Company's 
core business of township." 
 
"There are large amount of opportunities for collaboration between National 
IC Industry Fund and the Company on our core businesses, such as industry 
park development and operation, auxiliary services and industry 
integration. Capturing these opportunities will greatly benefit the Company 
in terms of rapid growth in business scale, profitability and expansion of 
business network. CNTD will stay fully committed to substantiating 
cooperation at specific projects and exploring strategic opportunities with 
CDB Capital in its other investment areas, so as to fulfil the recognition 
our Controlling Shareholder entrusted to us." 
-END- 
 
About China New Town Development Co. Ltd. 
(HKSE: 1278.HK; SGX: D4N.SI) 
With its new town development founded in 2002, China New Town Development 
Co. Ltd. was first listed on the SGX in 2007 and dual listed on HKSE in 
2010. It is a company dedicated to planning and developing new town 
projects in the PRC. Its actual controlling shareholder is China 
Development Bank Capital Corporation Ltd. ("CDB Capital "). CDB Capital is 
a wholly owned subsidiary of China Development Bank. Its establishment was 
approved by the State Council. With a registered capital of RMB 47.6 
billion, CDB Capital is a unique integrated investment platform covering 
both domestic and offshore markets. Its investments cover areas the 
strategic new model township developments, overseas investments, and funds. 
Integrated new model township development is one of the core businesses of 
CDB Capital. Through its unique business model, the Company forms joint 
ventures with local governments to develop new town projects, and 
participate in the full range of activities including master planning, 
resident relocation and resettlement, land clearing and preparation, 
construction of infrastructure and high quality ancillary facilities. It 
also introduces quality brands and leading real estate developers into the 
new towns it operates to enhance the long term value of the town and its 
land resources. It then shares part of the value enhancement upon land 
sales. Starting from 2002, the Company has been engaged in the development 
of Shanghai Luodian New Town, Wuxi Hongshan New Town and Shenyang Lixiang 
New Town. Among them, the Luodian New Town has entered maturity phase and 
received international and domestic recognition for its innovative new town 
design and execution. The Luodian New Town was granted the prestigious 
status of "United Nations Development Program Pilot Town" by the United 
Nations Development Program and "National Development and Reform Pilot 
Small Town" by the National Development and Reform Commission (NDRC). 
Recently, it was awarded the "EU Small Town Union - Representative Member 
from Asian Pacific". 
 
Enquiry 
 
 
Hong Kong                        Singapore 
Financial PR (HK) Limited        Financial PR (Singapore) Limited 
Hon Fung, Dawn Lee, and Canace   Charlotte Fu, Zhang Yuchao, and Ngo Yit 
Email:staff@financialpr.hk       Sung 
Tel: (852) 2610 0846 / 633 55    Email:staff@financialpr.sg 
933                              Tel: (65) 6438 2990 
Fax: (852) 2610 0842             Fax: (65) 6438 0064 
 
 
End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=CLPYKCGGVP Document title: China New Town partners with National IC Industry Fund, a hundred billion national fund to bring in Industrial Park Projects Its project portfolio is expected to be profoundly diversified via the cooperation =-------------------------------------------------------------------- Key word(s): Miscellaneous 27/05/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com =-------------------------------------------------------------------- 362205 27/05/2015 UTC+8

(END) Dow Jones Newswires

May 27, 2015 07:21 ET (11:21 GMT)

Großer Dividenden-Report 2024 von Dr. Dennis Riedl
Der kostenlose Dividenden-Report zeigt ganz genau, wo Sie in diesem Jahr zuschlagen können. Das sind die Favoriten von Börsenprofi Dr. Dennis Riedl
Jetzt hier klicken
© 2015 Dow Jones News
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.