(April 26, 2018 - Hong Kong) 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 Manureen Financial Holdings Limited, owned by Dr. Bryan Lin, Xiaohui, Chairman of Realord Group, has acquired Greater Bay Area Industry Finance Investment Co. Ltd (“Bay Area Industry Finance”) for the consideration of RMB 600 million, hoping to generate important synergy for the Company to explore business opportunity in Guangdong-Hong Kong-Macao Greater Bay Area.
The first anniversary of board and supervisory board meeting of Greater Bay Area Industry Finance Investment Co. Ltd has been successfully held. Dr. Bryan Lin, Xiaohui, Chairman of Realord Group attended the meeting of Bay Area Industry Finance as shareholder supervisor to witness the gathering of elites and leaders of the commercial industry, taking an important step for marching into the Greater Bay Area, the strategical planning of “One belt One Road” of China.
Manureen Financial Holdings Limited, a non-listed private company owned by Dr. Bryan Lin, Xiaohui, Chairman of Realord Group, has acquired Bay Area Industry Finance for the consideration of RMB 600 million. The 48 shareholders of Bay Area Industry Finance including Guangzhou Chimelong Group etc., are all high quality listed companies, leading private companies and leaders in Hong Kong and China. The business scope of the shareholders spreads from advance manufacturing, new energy, modern agriculture, trade and logistic, education, health care to land and property investment etc. Through the establishment of Bay Area Industry Finance to facilitate co-operation among strong enterprises, coordinating different advantages and resources for mutual benefit, Bay Area Industry Finance will become the strongest financing joint platform of the Greater Bay Area.
The Greater Bay Area connects advantages of Guangdong, Hong Kong and Macau, establishing international top bay area and world class metropolitan area. In addition to becoming the financial center which will lead the Pearl River Delta, radiating South-east Asia and serving “One belt One Road” region, the Greater Bay Area will also become innovation center for technology industry and advance manufacturing industry as well as important base for modern tertiary industry, motivating the development of professional services and technological innovation industry.
▲ Shareholders of “Bay Area Industry Finance”
▲ Shareholders of “Bay Area Industry Finance”
▲Mr. Wang Jikang, chairman of Guangzhou Rural Commercial Bank, expressed that he will "strongly support Bay Area Industry Finance's development"
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses “Realord has been actively planning property investment and financial business in the Greater Bay Area. With the advantages and resources of Bay Area Industry Finance platform, from which the Group will benefit, bring more development opportunities from the Greater Bay Area and greater return for our shareholders.”
About Greater Bay Area Industry Finance Investment Co. Ltd
To assist the strategical planning of Guangdong-Hong Kong-Macao Greater Bay Area and respond to the summon for establishing the Greater Bay Area in 19th National Congress of the Communist Party of China, fulfilling the request of the Central Economic Work Conference in facilitating virtuous cycle in finance and macro economy, Greater Bay Area Industry Finance Investment Co. Ltd (“Bay Area Industry Finance”) is established under the initiation of Guangdong Federation Of Industry And Commerce and Guangdong General Chamber Of Commerce and financing of high quality listed companies and leading private companies in Hong Kong and China. The registered capital of the company is RMB 40 billion, with approval from State Administration for Industry and Commerce of the People's Republic of China and registration in Guangzhou. Operation headquarters are set up in Guangdong, Hong Kong and Macau respectively. Bay Area Industry Finance embraces “one core five wings” as development strategy, with connection of industry and finance as core, and Bay Area industry investment, Bay Area city development, Bay Area financial services, Bay Area community development and Bay Area industry finance (foreign) as wings. With the management of a advantaging platform, Bay Area Industry Finance will facilitate resources and advantages mutual benefit between shareholders in financial services, industry upgrade, city development, technology innovation, environmental management, connection of military and civil sectors, development of culture and tourism and health care sectors, motivating high quality development of Guangdong-Hong Kong-Macao Greater Bay Area.