Xinyuan Celebrates Listing of Property Management Business on Beijing's NEEQ
BEIJING, April 21, 2017 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager primarily in China and recently in other countries, celebrated the listing of its property management service entity, Xinyuan Technology Service Co., Ltd., on the National Equities Exchange and Quotations (NEEQ) in China.
Xinyuan's property management service was ranked No.14 in China by the National Property Management Association in 2016, as measured by overall competitiveness. Launched in 1998, Xinyuan property management is now managing properties with more than 50 million square meters in over 20 cities across the country, including Beijing, Shanghai, Jinan and Zhengzhou, and providing services to more than 100 thousand families.
The National Equities Exchange and Quotations (NEEQ), located in Beijing, is China's over-the-counter system for trading shares of public limited companies that are not listed on the two stock exchanges in Shenzhen and Shanghai. Xinyuan Technology Service Co.'s code on NEEQ is 870929.
"It is a significant milestone for Xinyuan property management to be listed on NEEQ," said Helen Zhang, CFO of Xinyuan. "The strong capital support will unleash Xinyuan property management's growth potential, drive its roll out of service standards, and further improve management and service quality. The listing is expected to speed up its nationwide expansion and make its business model more competitive."
After 19 years development, Xinyuan property management has grown into a modern service company. It is leading the industry by introducing advanced technologies to create intelligent community services. The listing on NEEQ will help Xinyuan property management integrate resources and capital to provide better quality and diversified services.
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real estate developer and property manager primarily in China and in other countries. In China, the Company develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi'an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. The Company aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements". These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements includes statements about intended use of proceeds and can generally be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical statements are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including, but not limited to, our ability to continue to implement our business model successfully; our ability to secure adequate financing for our project development; our ability to successfully sell or complete our property projects under construction and planning; our ability to enter into new geographic markets or business lines and expand our operations; the marketing and sales ability of our third-party sales agents; the performance of our third-party contractors; the impact of laws, regulations and policies relating to real estate developers and the real estate industry in the countries in which we operate; our ability to obtain permits and licenses to carry on our business in compliance with applicable laws and regulations; competition from other real estate developers; the growth of the real estate industry in the markets in which we operate; fluctuations in general economic and business conditions in the markets in which we operate; and other risks outlined in our public filings with the Securities and Exchange Commission, including our annual report on Form 20-F for the year ended December 31, 2016. Except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statement is made.
For more information, please contact:
Xinyuan Real Estate Co., Ltd.
Mr. Joe Xu
Investor Relations Deputy Director
Tel: +86 (10) 8588-9376
In U.S.: +1-646-308-1472
In China: +86 (10) 6583 7511
In China: +86 (10) 6583-7510
SOURCE Xinyuan Real Estate Co., Ltd.