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EQS-News News vom 24.07.2015

Beijing Capital Juda Successfully Issues RMB13 Billion in Notes for Corporate Development and Expansion


(EQS-News / 24/07/2015 / 10:45 UTC+8)

Beijing Capital Juda successfully issues RMB13 Billion in notes
For corporate development and expansion

(HONG KONG- 23 Jul, 2015) Beijing Capital Juda Limited("Beijing Capital Juda" or "the Company", stock code: 1329, is a subsidiary of Beijing Capital Land Ltd. ("BCL"), a leading integrated property developers in China), is pleased to announce that it has successful issued RMB13 billion of offshore Renminbi Notes ("the Notes") in Hong Kong with 5.25% coupon due in 3 years to institutional investors. The Hongkong and Shanghai Banking Corporation and DBS Bank are the joint global coordinators for the Notes issue, and are also both joint bookrunners and joint lead managers with Bank of China (Hong Kong), China Construction Bank Singapore Branch and ABC International.

During the issuance process, Beijing Capital Group Co., Ltd. ("Capital Group"), the controlling shareholder of Beijing Capital Juda, signed a keep well agreement and equity interest purchase agreement in strong support of the Notes. The Notes issued were rated BBB by Fitch Ratings Inc.

This successful issuance of notes is a milestone for Beijing Capital Juda, showing the Company's ability to raise funds as an overseas listing platform. The issuance of notes can strengthen working capital for the continued development of integrated outlets and commercial projects across 17 selected cities. The fund raised will be used as the working capital of Beijing Capital Juda and general corporate purpose.

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About Beijing Capital Juda Ltd. (http://www.bcjuda.com/)

Beijing Capital Land and its controlling shareholder Capital Group have completed the acquisition of Beijing Capital Juda in December 2013. Upon the close of an unconditional mandatory cash offer on 20 December 2013, BCL and Capital Group became interested in 130,200,000 and 19,800,000 shares respectively, representing respectively 65.1% and 9.9% of the issued share capital of Juda. Since completion of such acquisition, BCL has become the controlling shareholder of Juda. Following the successful acquisition of Xi'an First City at the beginning of this year and the ongoing outlets project in Nanchang, Juda plans to leverage on BCL's experience and network in real estate development in China and its special advantages on integrated commercials development, and also focuses on the development of integrated outlets and commercials projects, the pace of growth relating to strategic layout in the 17 selected cities will be continually accelerated.

About Beijing Capital Land Ltd. (http://www.bjcapitalland.com)

Beijing Capital Land (HKEx stock code: 2868) is one of the leading integrated property developers in China. The company is principally engaged in developing mid- to high-end residential properties which are supplemented by prime commercial properties highlighting the prominent edge of its integrated operational ability in diversifying properties portfolio. In addition to various prime locations in the capital city, BCL also expanded into markets outside Beijing and has acquired land in Shanghai, Tianjin, Shenyang, Qingdao, Yantai, Xi'an, Chengdu, Chongqing, Wuxi, Huzhou, Kunshan and Hainan respectively since 2005. The Capital Group, one of Beijing's largest enterprises and under the direct supervision of the Beijing Municipal Government, is the parent company of BCL.

About Beijing Capital Group Co., Ltd. (http://www.capitalgroup.com.cn)

Beijing Capital Group Co., Ltd. (Capital Group) is a large state-owned enterprise directly under the supervision of the State-owned Assets Supervision and Administration Commission of the Beijing Municipality (Beijing SASAC). Since its reorganization in 1995, the Capital Group has become a pioneer by persisting in reform and making bold innovation. It keeps on improving its business structure, actively expanding its domestic and overseas markets, pressing ahead with management reform and reinforcing corporate governance. In result, it has achieved leapfrog development in the market-oriented reform of state-owned enterprises, and made great contributions to the urbanization of the capital and other cities in China.

Through years of development, the Capital Group has established its core business in the four fields of environmental protection, infrastructure, real estate, and financial services, with core competitive edges in capital operation, industry collaboration, innovation and R&D, international cooperation, etc. Headquartered in Beijing, the Group has a business network covering the whole country as well as overseas markets, five listed subsidiaries and one three new board listed company and has been recognized as one of China's top 500 enterprises for many consecutive years. It enjoys an outstanding brand reputation and wide social influence. RMB 4 billion of total profit makes high record for two consecutive years in 2014, and the total assets of over RMB 200 billion.

For further information, please contact

 
Bryan Feng
Beijing Capital Juda Limited - Vice President
Tel: +852 2869 3288
Mobile: +852 6852 0662
Email: bryanfeng@bcjuda.com
 
 
Christensen China Limited
Tel: +852 2117 0861
Fax: +852 2117 0869
Email: BJCapitalLand@ChristensenIR.com



End of Press Release

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Document: http://n.equitystory.com/c/fncls.ssp?u=XVXJMPYHJH
Document title: Beijing Capital Juda Successfully Issues RMB13 Billion in Notes for Corporate Development and Expansion


Key word(s): Expansion

24/07/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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