April 12, Double Real Estate Development Co., Ltd successfully listed on the Singapore Exchange Main Board. First day of the opening price 0.405 Singapore dollars, close to the issue price. As the South China Sea, the first overseas-listed real estate companies, real estate has become the South China Sea Double 9 listed companies, also this year one of Foshan Overseas listed companies.
Double real estate development is the South China Sea, local residential and commercial real estate developer, founded in 2000. It is reported that last year's first half pre-tax Double real estate profit 32.4 million yuan, sales income of 227 million yuan.
The initial public offering of real estate development Double 138 million new shares to raise capital 47.93 million Singapore dollars, about 227 million yuan, will be used for the Group's existing real estate development, acquisition of new land development and investment real estate, and charge for general corporate and working capital purposes.
Nanhai Chi Kang, Deputy Mayor million in the first day of trading of the company said at the ceremony, Double the company is the South China Sea one of the larger real estate developers in recent years to maintain the rapid pace of development, the development of good prospects.
Double real estate executives said, Tak Bo Garden Tsinghua property has been completed so far, the new Lai Chi Kok Bay Garden, Tak Bo Garden, Jiangnan La Baie Du Noble 1-4 5 real estate development projects with a total area of more than 600,000 square meters. 3 currently in development for future construction projects and the total land area of nearly 1.4 million square meters. Which is expected to be completed in late 2013, the landscape is the Double Dragon set the first high-end real estate development residential villas. Then there are two integrated commercial and residential development projects which were expected to start at the end of this year and next.
In recent years, the implementation of the South China Sea area, "Eagle Programme," actively market opened for business "green passage" to implement a business a policy, providing personalized service. According to statistics, coupled with the listing of the South China Sea after the development of the South packaging, Yi Li Zhi Pu and high air conditioning, the development of the South China Sea to the nine listed companies. Currently the South China Sea there are many private enterprises are planning domestic and foreign market. Double real estate executives that the market is that they achieve the transformation and upgrading, and completely good way.
Glossary
Long chip stocks: in Singapore has blue-chip and red chip stock market where the status of stocks, the market known as the Dragon Pan-chip stocks.
(The following, according to Singapore's "Lianhe Zaobao" relevant reports)
Double real estate is following the Chinese high-fiber (ChinaGaoxian) in Singapore after yet another large-scale dragon chip stocks IPO is the fourth largest real estate market dragon chip stocks.
Double real estate development plans IPO in Singapore to raise 53.75 million yuan of funds, following the high fiber in China (China
Gaoxian) after a large-scale dragon chip stocks IPO, market capitalization listed will become the fourth largest real estate dragon-chip stocks. 43 points according to the price per share, the market outlook, market value of 400 million Debao 83.75 million Singapore dollars.
Sale of new shares priced at 43 points per start trading today
In fact, late last year in Double Monetary Authority website to submit a prospectus. Chih-Hsiung Chang said that since January this year, investor sentiment is low, the group postponed IPO plans.
Double the 3800 initial public offering of 100 million new shares, of which 100 million for the placing of 36.5 million shares, public subscription has been started, will be at 12 o'clock on the April 8 deadline, and the 12 day trading.
Double Real Estate Development Road
Government civil servants to give up cautiously, Yuan Yuesheng eight years ago to 12 million yuan (245 million) acquisition of a state-owned real estate company, Foshan City, now developed into a leading real estate developer of residential and commercial real estate development Double Co., Ltd. (Debao
Property Development), the net asset value reached nearly 20 billion yuan.
Foshan City, Guangdong Province, was born in rural Yuan Yuesheng, through the reform and opening up of China's Cultural Revolution and after graduation in the local government sector, was appointed for the time period or the state-owned enterprises Double real estate development.
Double real estate development business started in 1996 and acquired by management prior to the completion of two development projects, privatization has so far completed three projects that the total gross floor for the 635,000 square meters. La Baie Du Noble among the first to the fourth South won the national Habitat Architectural Planning and Design Competition Classical architecture, for the Double Gold Medal.
Group is currently developing three projects and land for future construction of the total area of about 1,398,000 square meters. Which is expected to be completed in late 2013, the landscape is a dragon plate group developed the first high-end residential villa. The next group on hand and two integrated commercial and residential development projects which were expected to start at the end of this year and next.
Group Finance Director Chih-Hsiung Chang pointed out that the same group only in the first few years on a project, with the ability of the development group, started in 2007 three projects simultaneously, which also contributed to financing the Group to speed up the pace.
Looking Foshan City real estate prospects, Chih-Hsiung Chang said that in addition to 2008, the Foshan City real estate market in recent years are in short supply in the state, housing the second quarter of last year, the subscription rate of 191.8 percent.
In addition to Foshan, the Double is also considering other fast-growing regions such as Guangxi, Hunan, Jiangxi, Liaoning and Tianjin, is expected to begin within two years beyond the project of Foshan.
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Tags: Double real estate, Foshan, listing, real estate, Singapore, the South China Sea
