YANLORD ACQUIRES 51% STAKE IN A COMPANY WITH DEVELOPMENT RIGHTS TO A 236,500 SQM GFA PRIME RESIDENTIAL DEVELOPMENT SITE IN NANTONG
Singapore/Hong Kong – Yanlord Land announced on May 18th that it has through its subsidiary, Yanlord Land (Nantong) Co., Ltd. acquired a 51% interest in Nantong Hechuang Real Estate Co., Ltd. which holds the development rights to a 236,500 sqm residential development site in Nantong city, Jiangsu Province through an equity injection of approximately RMB21 million.
Ideally surrounded by three natural parks, the site has a plot ratio of 1.8 and benefits from the Nantong government initiatives to develop the area into a key technology demonstration zone. Well connected via key thoroughfares passing through the district as well as neighbouring stations from two of the city’s metro lines route 1 and 2, future owners and tenants of the project will enjoy a comprehensive suite of business and lifestyle amenities such as hospitals, theatres as well as schools from the primary-school to high-school level.
Commenting on the latest acquisition, Mr. Zhong Sheng Jian, Yanlord’s Chairman and Chief Executive Officer, said, “This latest acquisition is our second project in Nantong and a continuation of our strategic initiative to further expand our footprint within the Yangtze River Delta. Ideally located within Central Innovation District of Nantong, the site will build on Yanlord’s track record for the development of high-quality residences and is expected to contribute significantly to our future growth.”
 An unofficial English translation name of 仁恒置地（南通）有限公司.
 An unofficial English translation name of 南通禾创置业有限公司.