Press Release
Realord Group's Annual & Spring Dinner 2018
Spring is the time of new beginnings. To thank all the staff for their industriousness and contribution to the Company, Realord Group Holding Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) hosted a dinner for them last night. Dr. Bryan Lin, Realord Group Chairman wishes all staff altogether work hard for happiness in a new year.
Gallery:
http://realord.com.hk/en/news_and_media/gallery/36/
Realord Chairman Dr. Bryan Lin wishes you a Happy Chinese New Year 2018
Dear Friends,
A year of the dog is coming with joyfulness. On behalf of Realord Group, I would like to express my sincere greetings and best wishes to all of our customers, shareholders, partners and friends who always concern us. Wish you good wealth, good health and always be the best in a Chinese new year 2018! Wish Realord Group flourishing and prosperous!
Last year was a harvest year for the Group. In March, Realord Group became the eligible securities of Shenzhen-Hong Kong Stock Connect. In June, with attention of Wuzhou Longxi Government, Realord Group signed an agreement with Wuzhou Imported Renewable Resource Processing Park Management Committee to spend 350 million yuan investing in the project of recycled aluminum ingots so as to upgrade and transform the Group’s environmental protection business. In September, the Group recorded HK$216 million revenue of interim results 2017. In December, the Group became one of the MSCI China Small Cap Index Constituent Stocks.
“A new era and a new journey.” As the beginning of 2018, Realord Group successfully announced its acquisition of properties including those commercial properties of Realord Villas located in Longhua District, Shenzhen, Realord Science Park and a piece of idle land nearby in Guangming New District, Shezhen that may enrich the Group’s property investment portfolio, meanwhile in responding the policy advocated by the Chinese government, help expand the rental business in housing market.
In the future, we will allocate more resources in property investment, environmental protection business, and commercial services. At the same time, we will continue to keep a multi-dimensional approach to run the business segment, actively grasp the chances brought by “Greater Bay Area Development“ and “Guangdong-Guangxi cooperation”, participating in the construction of a “livable and suitable environment“ so as to attract more talents in a greater bay area.
Realord Group will pragmatically work at its best, striking for the happiness, contributing to the society, working hard for greater welfares for our staff, creating more substantial returns and value. We should forge ahead, and won't forget our original intention and the mission. We will keep moving forward altogether so as to achieve our "Realord Dream".
Best Regards,
Bryan Lin
Chairman, Realord Group Holdings Limited
Realord'a Acqusition of Guanlan, Guangming New District and Futian Duty Free Zone Properties for the Consideration of RMB 6.2 Billion
(January 18, 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 that the Group is planning to acquire all equity and assets of Realord Venture and Manureen Ventures, including the Guanlan Property, the Guangming Property, the Guangming Land and the Staff Housings, for the Share Consideration of RMB 6,219,575,234, payable by way of cash, allocation and issuance of new shares and Tranche Promissory Note respectively. The acquisition will enhance the group properties investment combination and land resources, further consolidating the advantage in property business.
The Guanlan Property is a mixed residential and commercial development situated within the Realord Villas in the Guanlan High-Tech Industrial Park of Guanlan, comprising a commercial/apartment building, retail shops and all car parking spaces with a total gross floor area of approximately 51,039 square metre (sqm). The Guangming Property, located in Realord Science Park in Guangming New District, consists of two blocks of office building with 26 storeys and 4 storeys over a basement car park respectively, with a total gross floor area of approximately 53,973 sqm. The Guangming Land is a bare land for industrial use with a site area of approximately 12,599 sqm located in Guangming High-Tech Industrial Park of Guangming New District. The Staff Housings comprise four social housing units of Fu Bao Gui Hua Yuan. The Guanlan Property and the Guangming Property will be used for rental purpose. The Guangming Land will be held as investment assets of the Group as present. The Staff Housings will be maintained the existing use of the Staff Housings
With the Total Consideration of RMB6,219,575,234 (equivalent to approximately HK$7,291,892,000), an amount between RMB3,000,000,000 (equivalent to approximately HK$3,517,230,000) and RMB3,600,000,000 (equivalent to approximately HK$4,220,676,000) will be payable by way of cash, the Cash Consideration will be payable first in the form of the Shareholder’s Loan to be provided by the Company to the Target Group for the full settlement of the Target’s Outstanding Debts as at the date of Completion shall there be surplus of the Cash Consideration after full settlement of the Target’s Outstanding Debts, the balance of the Cash Consideration will be payable to the Vendors directly as part payment of the Share Consideration. In addition, RMB1,135,584,657 (equivalent to approximately HK$1,331,371,000) by way of allotment and issuance of 280,998,482 Consideration Shares at the issue price of HK$4.738 per Consideration Share. Besides, an amount between RMB1,383,990,577 (equivalent to approximately HK$1,622,604,000) and RMB1,983,990,577 (equivalent to approximately HK$2,326,050,000) by way of the issue of the First Tranche Promissory Note at Completion and RMB100,000,000 (equivalent to approximately HK$117,241,000) (subject to adjustment) by way of the issue of the Second Tranche Promissory Note within 5 Business Days following the issue of the Completion Accounts.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses “the acquisition consolidates the Group’s assets signifying a milestone of property investment business for the Group in China, aiming at the cutrend of property rental market which may enrich our group’s income sources. We will keep up the great work and strike for the best for our investors and shareholders.”
Realord Group Chairman Dr. Bryan Lin In Shenzhen CPPCC Symposium Proposes to Optimize the control points to facilitate Hong Kong-Shenzhen economic development
The four-day Shenzhen Lianghui ("Two Annual Sessions"), including The Fourth Session of the Sixth Guangdong Shenzhen Municipal Committee of the Chinese People 's Political Consultative Conference (also known as "Shenzhen CCPPC") and The Fourth Session of the Sixth Committee of Shenzhen Municipal People's Congress, was started from 15th January 2018. A symposium for the Shenzhen CCPPC members of Hong Kong and Macau affairs was held in the afternoon. 51 Shenzhen CPPCC members representing from Hong Kong & Macau participated in the symposium and made advises focused on the topics such as "Greater Bay Area (Guangdong, Hong Kong & Macau)" development, Shenzhen-Hong Kong transportation, Hong Kong-Zhuhai-Macao Bridge, and Shenzhen-Hong Kong medical cooperation, to the Shenzhen Government.
Shenzhen Municipal Party Committee Secretary Wang Weizhong, Mayor Chen Rugui, CPPCC Chairman Dai Beifang attended and listened to the suggestions presented by the Hong Kong & Macau members.
At the symposium, Dr. Bryan Lin, Member of Shenzhen CPPCC, and also Chairman of Realord Group Holding Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) advised to “optimize the land boundary control points to facilitate the Shenzhen-Hong Kong economic development and to help construct the Greater Bay Area”.
A screenshot captured from SZTV News on the Shenzhen TV's channel -
Dr. Bryan Lin Xiaohui, Shenzhen CPPCC Member & Realord Group Holding Limited Chairman (Right)
With the further enhancement of Shenzhen-Hong Kong's economic and trade development, the mutually beneficial economic and trade integration between two places have been forming. Also, because of urbanization, the environment of Shenzhen-Hong Kong boundary crossings should be smoother and more convenient.
Statistics given by the Shenzhen Government that the total passenger thoughput was 241 million people in 2017. with an increase of 0.81% over last year. However, there is still an improvement for the existing control points. Huanggang port, the only one 24-hour Shenzhen-Hong Kong land boundary control point, nowadays has reached about 80,000 daily passenger thoughput which exceeds the original design of the port with just daily load of 50,000 passengers. In addition, the traffic conditions at the Shenzhen Bay Port were yet improved and passengers still found inconvenient to access the port. Various goverment departments in Shenzhen have tried to make improvement, but only with the limited success.
Dr. Lin suggested that Shenzhen should optimize the facilities, Internal and external traffic of the control ports. It is proposed to stop the clearance policy for the vehicle passengers who take small vehicles with both Shenzhen and Hong Kong licenses carrying their baggages from cars to the ground for clearance checking. Moveover, constructing multi-storey parking lots or underground parking lots to ease traffic congestion, and expanding the restricted areas for parking and driving on the roads will improve the micro-circulation within the ports.
On December 12, 2017, Guangdong Province Public Security Department launched 18 measures including the implementation of the transit visa-free policy for foreigners in 53 countries, and the extension of length of stay from currently 72 hours to 144 hours. The second measure is to further expand the scope of visa-free. The port of entry will be expanded from the Guangzhou Baiyun Airport to the airport port of Shenzhen Baoan Airport. The new policy will be implemented in the first quarter of this year. Lin suggested Shenzhen should pay more attention to the implementation of this policy. "If implemented, it will certainly and greatly facilitate the efficiency of overseas personnel entering to the mainland China from Hong Kong. It will also help to attract more people, logistics, capital into Greater Bay Area seeking opportunities for development that will bring a new round of an investment boom," Dr Lin said .
Shenzhen Futian District General Chamber of Commerce Secretary of Party Committee Shi Youjun Visits Realord Group
On the 2nd January, Shi Youjun, Deputy Minister of Shenzhen Futian District United Front Work Department and Secretary of Party Committee of Shenzhen Futian District of Federation of Industry & Commerce and General Chamber of Commerce (Futian SZGCC), Vice Chairman of Shenzhen Futian District of Federation of Industry & Commerce and General Chamber of Commerce Wang Zhenyuan and Ye Zhen, Minister of Members Working Department visited Realord Group.
During the meeting, Dr. Bryan Lin Xiaohui, Chairman of Realord Group Holdings Limited briefly gave those visitors an idea of the Group's development and the latest information about "Realord Villas”, an indemnificatory housing project for corporate talents located in Longhua District, Shenzhen.
Shi Youjun showed her full affirmation to the Group's contribution in providing a land resource to construct housing units for the Futian District Government. Meanwhile, she introduced the current development of SZGCC, particularly its database covering economic statistics, government policies, academic research and talents information available for corporate members to use.
Dr. Lin, also known as one of the Vice-presidents of Shenzhen Futian District General Chamber of Commerce, expressed his sincere thanks to Futian SZGCC leaders' visit. The Group has always been keeping a close communication with SZGCC. Thanks to the resources provided by SZGCC, the Group's business network and environment have been broadened and improved. Dr. Lin looked forward SFGCC leaders' next visit to the Hong Kong headquarter.
About Shenzhen General Chamber of Commerce
The Shenzhen General Chamber of Commerce of Commerce is a mass organization of people's organizations and chamber of commerce organized by the Shenzhen business community led by the PRC government. It is a bridge between the party and the government in connection with the non-public sector of the economy and an aide in the government's management of the non-public sector of the economy. Shenzhen General Chamber of Commerce members include organization members, corporate members and individual members. Among them, the organization members include private enterprise associations and more than thirty industry associations. Grass-roots organizations include districts, sub-district district chambers of commerce and trade associations. The Shenzhen General Chamber of Commerce Members are characterized as flourishing talent lineup, powerful, full of vitality and fast development. As of September 2015, more than 20,000 SGCCC members have been registered.
Shenzhen Longhua District Municipal Committee, Head of United Front Work Department Zhan Huijun and Longhua District Committee of the CPPCC Vice President Yang Donghui visited Realord Group
On 11th December 2017, Zhan Huijun, Shenzhen Longhua District Municipal Committee & Head of United Front Work Department and Yang Donghui, Vice President of Shenzhen Longhua District Committee of the CPPCC took a lead to visit Realord Group's headquarter in Hong Kong. Realord Group Chairman Dr. Bryan Lin, Xiaohui arranged a meeting for those visitors.
Those who involved in the meeting included Zhang Gaopan, Executive deputy head of Longhua District Committee United Front Work Department and Longhua District Federation of Industry and Commerce (General Chamber of Commerce) Executive Vice President (Executive Vice President) ; Zhai Zhaohe, Director of Longhua District Committee of the CPPCC Hong Kong and Macao Friendship Committee; Xing Jiankun, Deputy Head of Longhua District Committee of United Front Department; Wu Lianxi, Longhua District, Vice President of Federation of Industry and Commerce, Chairman of Dongwu Group; Ye Jiajia, Shenzhen, Committee of Shenzhen MPC, Longhua District, Vice President of Longuha District Federation of Industry and Commerce, Vice President of Shenzhen Silver Star Investment Group; Nie Quan, Vice President of Longhua District Federation of Industry and Commerce, and Chairman of Shenzhen Liande Automation Equipment Co. Ltd; Liu Rihe, Vice President of Longhua District Federation of Industry and Commerce, Honorary Chairman of Hong Kong Guanlan Association, Shenzhen Tian Sheng Industrial Development Co. Ltd; Zhang Wenhai, Vice President of Longhua District Federation of Industry, Vice President of Longhua District Youth Enterprises Federation, Vice President of Shenzhen Yi Mei Furniture Industry Co. Ltd. On behalf of the Group, Su Jiaohua, CEO , Lin Xiaodong, Executive Director and Chan Chu Kin, CFO & Company Secretary participated in this event.
During the meeting, Dr. Bryan Lin, Xiaohui concisely introduced the Group’s businesses and property investment in Guanlan, Longhua District, namely the Talents Housing Project "Realord Villas". Since late November 2017, the flat in-take for tenants in Realord Villas has been commencing and the shopping center "Realord V City" and the retail stores are in planning. The Group currently owns two industrial properties in Guanlan, Longhua District. One is located at Zhangkengjing which is now applying for the change of its land use. The other one is located at Qiankeng which is for rental purpose.
After listening Dr. Lin's report, Zhan said that there is a strong connection between Realord Group and Longhua District, and he hoped that they are not only just communicated upon real estate or property investment, but also cooperated in real economy, industry or talents development. Also, the Group was expected to have more communication and exchanges with the Longhua District Government in the future.
CEO Madam Su Jiaohua pointed out the traffic congestion in Longhua District is getting increasingly serious where the parking facilities are in higher demand. In fact, the real estate enterprises are willing to construct multi-storey car park or underground parking lots. However, they eventally gave up to do so because of its high construction costs, low returns and other limitations. Therefore, Su suggested Longhua District Government consider to formulate relevant measures such as financing or subsidies to aid the enterprises for constructing those facilities. Vice President Yang Donghui agreed with that and would report such opinion to the Longhua District Government someday.
Dr. Lin Xiaohui thanked to the leaders of Longhua District and the fellows from Federation of Industry and Commerce for their coming and visit. He also thanked to Zhan's valuable guidances and suggestions which are realy helpful to the Group's development in Guanlan in the future.
Realord Receives China Securities Golden Bauhinia "The Best Listed Company" Awards
(November 30, 2017 – 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 that the Company receives the 7th China Securities Golden Bauhinia “the Best Listed Company” Awards.
China Securities Golden Bauhinia Awards acknowledge enterprises and managements with great performance and achievements, playing important roles in China capital market, and allow capital market and investors from all over the world to understand the development of excellent enterprises in China. Receiving the “Best Listed Company” Awards significates Realord has been catching attention from investors and media, especially the great performance in Company’s recent return for shareholders, profitability, financial securities, sustainable development, operation efficiency, company management and brand value etc. Also it represents the group’s effort has been acknowledged and will consolidate the Company’s future development direction, pace and its achievement for higher goals.
Dr. Lin Xiaohui (Middle), Madam Su Jiaohua (Left) and Mr. Lin Xiaodong (Right) appreciate the organizing committee of China Securities Golden Bauhinia Awards for their complement and acknowledgement to Realord.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses after receiving the awards "We appreciate the organizing committee of China Securities Golden Bauhinia Awards for providing us such a high quality platform to interact with leaders in the industry. We would also like to thank the organizing committee for their complement and acknowledgement to Realord. The success of the Company relies on the support of the Company team, clients, shareholders and investors, we will continue to maintain high efficiency and performance in company management and will seize any opportunity to create more value and contribute to the society.”
About China Securities Golden Bauhinia Awards
The 7th China Securities Golden Bauhinia Awards, organized by Ta Kung Wen Wei Media Group and co-organized by Beijing Listed Company Association, The Hong Kong Institute of Chartered Secretaries, The Hong Kong Chinese Enterprises Association, Chinese Securities Association of Hong Kong, Chinese Financial Association of Hong Kong and Hong Kong Securities Professionals Association, was held in Grand Hyatt Hong Kong. The Awards is one the most authoritative and creditable list company elections, aiming at complementing listed companies and managements with excellent performance in Hong Kong and China. The committee is constituted of different professional security institutions, with fair and strict election process.
Realord Group included into MSCI China Small Cap Index
(November 14, 2017 – 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 that the Group has been included as a constituent of China Index of MSCI Global Small Cap Index and removed from MSCI Hong Kong Small Cap Index under MSCI semi-annual index constituents review. Such changes will be in effect after market close on November 30, 2017.
MSCI Global Index is a stock index established by Morgan Stanley Capital International and differentiated according to industry, country and region etc., covering the globe. It picks constituents with reference to market value, trade volume, number of floating shares and shareholding ratio etc. Constituents admitted are mostly corporates with stable profit, development potential and competitiveness. Over 80% of the world’s fund managers take reference from MSCI Global Index in capital allocation and making risk management strategies.
The Group has been admitted as a constituent of MSCI Hong Kong Micro Cap Index in 2014 and a constituent of MSCI Hong Kong Small Cap Index in 2015.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses "MSCI Index Series are investment reference which attract world-wide attention. Being admitted as constituent of China Index of MSCI Global Small Cap Index has shown approval of investment institutions towards the performance of the Group and at the same time witnessed the Group’s growth in capital market. This is going to help the Group in seizing other investment and corporation opportunities. We will keep up the good work and strike for the best for our investors and shareholders.”
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