Jiayuan International made foray into Hong Kong Market partnered with Mr. Tang Shing Bor


On 24 May 2018, Jiayuan International Group Limited (“Jiayuan International”or the “Company”, and together with its subsidiaries, collectively as the“Group”; SEHK stock code: 2768), one of China's established property developers of both large-scale residential and integrated commercial complex projects, is pleased to announce that the Group, has entered into the Sale and Purchase Agreement (the “SPA”) with an experienced real estate investor, Mr. Tang Shing Bor, in respect of the acquisition of various properties owned by Mr. Tang at a cash consideration of over HK$2.6 billion; and establishing a joint venture named Jiayuan Stangroup Development Company Limited (“Jiayuan Stangroup”) with a capital ratio of 70.1:29.9 pursuant to the SPA. After the completion, Jiayuan Stangroup will hold , T-Plus Residential Property, San Hop Lane Property and Success Centre Office Property.

T-Plus Project is located in No. 2 Tsing Min Path, Tuen Mun, the T-Plus Property is adjacent to several highlighted properties, enjoying a quiet surrounding environment and a pleasant living atmosphere. The district enjoys comprehensive supporting facilities. Besides being located within the quality school network in Tuen Mun District, it is only 3 minutes' walk from the Light Rail station, making it seamlessly connected with the Tuen Mun MTR Station, and is equipped with several round way bus routes to the downtown. The T-Plus Property is only 2 kilometers away from downtown and large shopping malls, satisfying the daily needs of local residents on clothing, food, accommodation and transport. The T-Plus Property has been built as residential properties, equipped with a shopping center, clubhouse facilities and carpark of approximately 3.8 million square feet, providing quality leisure and shopping experiences to the residents.

Nos.1 and 3 San Hop Lane, Tuen Mun is adjacent to Tuen Mun Park and only 3 minutes' walk to Tuen Mun MTR Station. Consisting of two industrial buildings which have already completed the revitalization work at the beginning of 2018, the project will be converted to office building and commercial building proposed to be equipped with restaurants, retail shops, office space, private clubhouse and carparks respectively. The Group expects that, upon the completion of Hong Kong-Zhuhai-Macao Bridge in the third quarter of 2018 as well as the completion of Tuen Mun – Chek Lap Kok Link, Tuen Mun will be located at the heart of the Guangdong-Hong Kong-Macao Greater Bay Area, thereby stimulating the economic activities in the surrounding areas, which in turn fostering the transformation of the industrial buildings within the area.

Kwai Chung Success Centre Project is located at Nos. 26-38 Ta Chuen Ping Street, Kwai Chung, New Territories, which well-established industrial area. The district takes advantage of the measures for revitalization of industrial buildings and becomes and commercial area gradually. It has a comprehensive transportation network with several bus routes running through Hong Kong, Kowloon and the New Territories, providing the public with transportation convenience. The project is now converting into a commercial building complex which consists of restaurants, office space and retail shops. With more office buildings and hotel projects about to complete, it further enhances its business position.

Jiayuan International, since its listing on the Main Board of the Stock Exchange in March 2016, the Group has been striving to identify strategic cooperation partner proactively and seeking opportunities to enter into the Hong Kong property market. The Group's view is in line with that of the Stan Group, an experienced real estate investment company, which considers Kwai Chung and Tuen Mun as a growth point of the Hong Kong property investment market. Leveraging on its first-mover advantage processed after deeply rooted in Hong Kong for years, as well as the Group's development strategy of expanding its presences in the Guangdong-Hong Kong-Macao Greater Bay Area, the collaboration of the three abovementioned projects represents an opportunity for the Group to enter into the Hong Kong real estate market. The Group believes that it will further develop Hong Kong market through the collaboration platform with the Stan Group, exploring prime land parcels with promising growth prospects. This also represents the Group's entrance into a new core city of the Greater Bay Area again after tapping into Shenzhen and Macao in 2017.