BEIJING, Apri 15, 2020
/PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or
"the Company") (NYSE: XIN), an NYSE-listed real estate
developer and property manager, today confirmed its intent to
maintain its full holding of 300 million shares in its
publicly-traded subsidiary, Xinyuan Property Management Service
(Cayman) Ltd. ("Xinyuan Property Management")(1895.HK), after the
lock-up period ends on April 11,
2020. The Company owns 60% of Xinyuan Property Management
and has no plan to reduce its stake.
Xinyuan Property Management was founded in
1998 and has been consistently ranked among the top
property service companies in China. Xinyuan Property Management has been
variously recognized as: a "Top 100" property management firm; a
property services excellent brand; a property management brand
influencer; and a property management outstanding enterprise. Over
the past 20 years, Xinyuan Property Management has established up
to 38 branches in China and is a pillar in parent Xinyuan Real
Estate's "pan-property industry ecosystem".
Xinyuan Property Management provides property management
services in the People's Republic of
China. The company offers property management services,
including cleaning and sanitation, safety and security, gardening,
parking space management, and facilities maintenance services for
complexes, residential properties, and office buildings. It also
provides a range of value-added services, such as utility fee
payment, common area resources management, home living, and
property cleaning and delivery services. In addition, it offers
pre-delivery services comprising sales assistance, property sales
venue management, and property sales venue warm-up services;
consulting services, such as advisory, and referral and management
services; and property decoration, real estate marketing, event
planning and execution, and engineering services. It serves
property developers, owners, and occupants. The company is
headquartered in Zhengzhou, the People's
Republic of China.
Mr. Yong Zhang, Chairman of
Xinyuan, commented, "We intend to preserve our full stake in
Xinyuan Property Management for the long-term as we anticipate
continued robust growth. As the controlling shareholder, we firmly
believe in the long-term value of Xinyuan Property Management, and
thus have no plans to reduce our holding at the moment."
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,
Xinyuan 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
City. Xinyuan 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.
Forward Looking Statements
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 grwoth expectations and can generally be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes" 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 successfully into new geographic markets and new business
lines and expand our operations; the impact of the COVID-19
pandemic on the real estate markets and economies of the cities and
countries in which we operate; 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, 2018. 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. Charles Wang
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com
The Blueshirt Group
In U.S.: Ms. Julia Qian
Email: Julia@blueshirtgroup.com
In China: Ms. Susie Wang
Mobile: +86 (138) 1081-7475
Email: susie@blueshirtgroup.com
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SOURCE Xinyuan Real Estate Co., Ltd.