2016-10-26
Realord and Guangdong Huaxing Bank Shenzhen Branch enters into a RMB5 billion strategic cooperation framework agreement
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(October 26, 2016 – Shenzhen) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK), is pleased to announce that the Company and Guangdong Huaxing Bank Co., Ltd., Shenzhen Branch (the “Bank”) have entered into a strategic cooperation framework agreement (the “Agreement”), with a total size of RMB5 billion, to partner in establishing a long-term and stable cooperation relationship for a period of three years.

 

Lin Xiaodong, Executive Director of Realord (First from left) and Liu Hong, Vice President of Guangdong Huaxing Bank Co., Ltd., Shenzhen Branch (Second from right) signed the Strategic Cooperation Framework Agreement

 

The strategic cooperation framework agreement signing ceremony was held at the headquarters of the Bank. Guo Zhihong, President of the Bank, Liu Hong, Vice President of the Bank, Liu Xuewei, General Manager of Strategic Customer Division 2 of the Bank, Wu Qibin, Assistant of General Manager of Corporate Banking Department of the Bank, Dr. Bryan Lin, Chairman of Realord, Lin Xiaodong, Executive Director of Realord, Liu Zixia, Vice General Manager of Shenzhen Realord Commercial Holdings Limited participated the signing ceremony.

 

Dr. Bryan Lin, Xiaohui, Chairman of the Group, said, “Through this strategic cooperation, Realord and the Bank can achieve a win-win situation by complementing each other’s strengths and resources. Also, it enables Realord to explore various excellent funding options to facilitate the Group’s future business development.”

 

During the meeting, Mr. Guo Zhihong and Dr. Bryan Lin fully affirmed the long-term mutual cooperation and looked forward to the future development of both parties. Mr. Guo said, “The relationship between the Bank and Realord is beyond significant strategic partners, while the best friends forever to seek for more comprehensive collaborations in the future under this Agreement.

 

Pursuant to the Agreement, the Company agreed to identify and provide cooperation opportunities in respect of the financing services for, among other things, property projects, industrial projects, mergers and acquisitions, credit facilities and cross-border financing activities of the Group; and the Bank agreed to provide the relevant financing services for such proposed projects, including but not limited to asset management and integrated financial services. Further definitive agreements for specific types of cooperation will be entered into between the Company and the Bank, and will be in compliance with the relevant laws and regulations. The total size of cooperation under the Agreement shall be RMB5 billion.

 

The Bank is a branch of Guangdong Huaxing Bank Co., Ltd., which is a commercial bank with the operation headquarters located in Guangzhou. It is principally engaged in a wide range of banking services approved by the China Banking Regulatory Commission, including deposits, loans, domestic and international settlements, acceptance and discounting of bills, agency services for issuance, underwriting, redemption, sale and purchase of bonds, foreign exchanges, insurance services, provision of facilities and guarantees and sales of fund. It is experienced in asset disposal and reorganization, investment banking and asset management. According to the annual report obtained from the official website of Guangdong Huaxing Bank Co., Ltd., the assets held by Guangdong Huaxing Bank Co., Ltd. exceeded RMB100 billion as at 31 December 2015.

 

Group photo: (From the left) Liu Zixia, Vice General Manager of Shenzhen Realord Commercial Holdings Limited, Lin Xiaodong, Executive Director of Realord, Dr. Bryan Lin, Chairman of Realord, Guo Zhihong, President of Guangdong Huaxing Bank Co., Ltd., Shenzhen Branch, Liu Hong, Vice President of Guangdong Huaxing Bank Co., Ltd., Shenzhen Branch, Liu Xuewei, General Manager of Strategic Customer Division 2 of Guangdong Huaxing Bank Co., Ltd., Shenzhen Branch, Wu Qibin, Assistant of General Manager of Corporate Banking department of Guangdong Huaxing Bank Co., Ltd., Shenzhen Branch

 

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