China New Town Development Co., Ltd
CHINANEWTOWN: Riding on the Industrial Policy Trend, CNTD Expects to be an Integrated Operator of Industrial Park — Dialogue between CEO of CNTD and Chairman of SVCG
Riding on the industrial policy trend, CNTD expects to be an integrated operator of industrial park
CNTD keeps abreast of national policies and explore new development models CNTD is a pioneer in new town development in China with extensive experience in urban development. The landmark project of CNTD , Shanghai Luodian New Town was granted the prestigious status as “Pilot Town of United Nations Development Program” and “Pilot Town of National Development and Reform Commission (NDRC)” etc. National policy has been advocating the integration of industrial and urbanization development as the growing trend of new town development. Against this background, the Company expects to change its single revenue model which entirely relies on primary land development, and consider industrial park development as a pillar of the Company’s future business. CDB Capital maintains solid relationship with local governments and has extensive experience in industrial investment. Since CDB Capital becoming the Company’s controlling shareholder, the Company inherits significant advantages of developing industrial park from its controlling shareholder’s network and experience. In early June, the Company entered into the strategic cooperation framework agreement with IC industry fund (the “Fund”). As an industrial investment fund with state-level support, the Fund was co-founded and managed by CDB Capital, with Fund under management designated at RMB 200 billion. As business opportunities arisen from the Fund emerging throughout the entire country, the cooperation between the Company and the Fund is expected to bring the Company extensive opportunities on industrial development projects. Strategic cooperation with SVCG represents an important step toward the “industry investment and industrial park development” integrated model. Cooperating with SVCG, CNTD explores “industry investment and industrial park development” integrated model Land parcel A5 of Yuhuatai District in Nanjing (the “Land Parcel A5”), co-invested and co-developed by CNTD and SVCG, is the first project launched under the development model of the integration of industrial development and urbanization. With its prime location, the land parcel A5 is expected to provide ancillary business resources to improve the integrated value of Nanjing Software Valley. Mr. Liu Heqiang, CEO of CNTD, said, “The Company expects to replicate the integrated model in other quality industry parks by leveraging SVCG’s project resources and its own operation experience. We will strengthen the cooperation with SVCG in the future. Given the long cooperation experience between SVCG and CDB Capital before, we are full of confidence in Nanjing Software Valley Project.” Via the strategic alliance with SVCG, CNTD expects to be an integrated operator featuring industrial park Mr. Liu Heqiang said, “The future trend of real estate development in China will focus on integrating industrial elements in its projects. Looking ahead, real estate development in China is no longer a simple matter of residential property development or commercial property development. Instead, it will focus on the construction for venture capital industries. The construction for venture capital industries is expected to make a sustainable contribution to higher national tax revenue and higher employment rate, representing a positive significance for social development. The Company will fully seize the opportunities to be a new-type developer and operator of industrial park.” “The cooperation with SVCG represents an important milestone of the Company’s development after strategic cooperation with National IC Industry Fund. The vision for the establishment of China Urbanization Strategic Alliance is fully demonstrated. We believe a series of quality industrial park projects led by CNTD will be launched successively, and we are confident that CNTD will become a leading developer of industrial parks in the near future.” End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=SRXOWUMHLJ Document title: China New Town: Riding on the industrial policy trend, CNTD expects to be an integrated operator of industrial park — Dialogue between CEO of CNTD and Chairman of SVCG Key word(s): Miscellaneous 11/09/2015 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 |
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