Jia Yuan International raised 1.17 billion for strengthening shareholder base and financial strength to deploy land reserve


On June 7, 2007, Goodwin International Holdings Limited ("good source" or "group", stock code: 2768) was pleased to announce that the net proceeds raised by the Placing was approximately HK $ 1.17 billion and the Placing Shares amounted to The Group's existing issued share capital is approximately 19%. The funds raised will be used for the acquisition of land reserves and general working capital.

The placement of institutional investors by the positive response and enthusiastically subscribed, indicating that investors are very agree on this placement, reflecting their confidence in the future development of the Group. Since its listing in March last year, the Group has embarked on an international capital market to broaden its financing channels. If the first issue of dollar bills in September last year, the reaction will be very warm. And the placement of the institutional investors have been enthusiastic support, which not only broaden the company's shareholder base and strengthen the Group's capital strength, the Group has more abundant funds to acquire high-quality land, but also confirms the investors on the good Source International in the capital market recognition.

The Group's current operating situation is very good, benefiting from the good foundation laid by rapid development since the listing, through the quality of planning, perfect quality and monitoring, mature operating system and experienced professional team, and the development of the development strategy in line with Market changes and other positive factors, the successful consolidation of [good source] brand. In addition, the recent central government to promote stable and rapid economic development and the introduction of a series of policies for the second and third tier cities to provide a new opportunity for development, led the real estate industry continues to move forward. 

Jia Yuan will be the placement as an opportunity to further strengthen the real estate business to consolidate the Group in the regional market leadership. The Group will continue to plow Jiangsu Province and take Hong Kong as a business development center to explore growth opportunities in the Pearl River Delta region. Such as last year's successful acquisition of multiple pieces of land in Shenzhen, the core area of ​​the land, the future will be the main city of Guangdong Province, to enhance the good source brand in the Pearl River Delta region's influence. With the promotion of Guangdong, Hong Kong and Macao Bay area, the value of Jia Yuan land reserve will be further explored.