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SOHO China - SOHO China's Shares Commence Trading on Main Board of Stock Exchange of Hong Kong

SOHO China - SOHO China's Shares Commence Trading on Main Board of Stock Exchange of Hong Kong

Write: Derren [2011-05-20]
This press release is not an offer for sale of any securities of SOHO China Limited (the Company ) in the United States or elsewhere. Any securities offered by the Company in connection with the transactions described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the Securities Act ), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of securities in any country or jurisdiction in which any such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such country or jurisdiction.
SOHO China Limited
SOHO
SOHO China s Shares Commence Trading on Main Board
of Stock Exchange of Hong Kong
Recording the Third Highest Traded Value for the Day
* * * *
Shares Close at HK$9.55 per Share
15% over Offer Price
(Hong Kong, 8 October 2007) The shares of SOHO China Limited ( SOHO China or the Company ; Stock Code: 410), a leading commercial property developer in China focused on central Beijing with a strong track record of profitability, commenced dealings on the Main Board of the Stock Exchange of Hong Kong today.
Following the very significant market response of 169 times subscription for its public offer shares, SOHO China s shares were actively traded and have recorded positive price movements today. Share price reached an intra-day high of HK$10.2 per share and closed at HK$9.55 per share, approximately 23% and 15% higher than the offer price of HK$8.30 per share respectively. A total of approximately 637,665,000 shares changed hands on turnover of approximately HK$6,228,286,000, making SOHO China the stock with the third highest traded value today.

Mr. Pan Shiyi, Chairman of SOHO China, commented, The strong performance of our share [price and trading volume] on our first trading day indicates institutional investors and the public s confidence in SOHO China s strategy of focusing on development in central Beijing and our ability to achieve high profitability with large scale projects with innovative designs.

The success of our listing provides us with a bigger platform to grow ever stronger and soar to ever greater heights. As we continue to contribute colours to the new face of Beijing city, we have every confidence and belief in our ability to deliver the best returns to our shareholders in the future.

~ End ~
About SOHO China Limited
SOHO China is one of the largest real estate property developers in CBD by sales revenue and developable area. According to a report by China Index Research Institute ( ), as at 27 December 2006, sales revenue from SOHO China s projects accounted for approximately 39% of the total property sales revenue in Beijing CBD from 2003 through a portion of 2006. The Company s pre-sales revenues were the highest in Beijing in 2005 and 2006, based on the same report.

SOHO China s brand is often seen as a dynamic lifestyle brand and the Company is often considered to be an industry leader in developing commercial properties with innovative designs. It collaborates with internationally recognized avant-garde architects, and believes it has superior capability to translate their innovative designs into trend-setting marketable products that appeal to local customers which can be developed within its strict cost targets.

SOHO China was named as one of the Most Admired Companies in China by Fortune Magazine (Chinese edition) in 2006 and was the only real estate company among the top ten companies to receive such recognition.

SOHO China - SOHO China's Shares Commence Trading on Main Board of Stock Exchange of Hong Kong

Photo Caption:
Mr. Adrian Wong, member of the Listing Committee of HKEx, congratulates SOHO China Limited ( SOHO China ) (Stock Code: 410) on its listing on the Main Board of the Stock Exchange of Hong Kong today.

From left to right:

Mr. Su Xin Executive Director & Chief Operating Officer of SOHO China
Dr. Ramin Khadem Independent Non-Executive Director of SOHO China
Ms. Yan Yan Executive Director & Chief Financial Officer of SOHO China
Ms. Olivia Cox-Fill Shareholder of SOHO China
Ms. Zhang Xin Executive Director & Chief Executive Officer of SOHO China
Mr. Pan Shiyi Chairman of the Board of Directors of SOHO China
Mr. Adrian Wong Member of the Listing Committee of HKEx
Mr. Lawrence Fok Head of Business Development of HKEx
Mr. Yi Xiqun Independent Non-Executive Director of SOHO China
Mr. Andrew Fraser Shareholder of SOHO China

For press enquiries:
SOHO China Limited
Ms. Chunlei Wang Tel: (86 10) 5878 8326 wangchunlei@sohochina.com
Strategic Financial Relations (China) Limited
Ms. Anita Cheung Tel: (852) 2864 4827 / 9100 9002 anita.cheung@sprg.com.hk
Mr. Marcus Keung Tel: (852) 2114 4967 / 9704 8864 marcus.keung@sprg.com.hk
Ms. Maggie Yip Tel: (852) 2864 4846 / 6094 9618 maggie.yip@sprg.com.hk
Ms. Grace Xu Tel: (852) 2864 4838 / 9727 9281 grace.xu@sprg.com.hk