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Sharing the Remarkable Achievement the Launching of Evergrande s Global Road Show

Sharing the Remarkable Achievement the Launching of Evergrande s Global Road Show

Write: Emelda [2011-05-20]

On April 15th, Evergrande Real Estate Group launches the global road show in Hong Kong. Dr Xia Haijun, the president and vice-chairman of the board of directors of Evergrande Real Estate Group, Lai Lixin, executive Director and vice president of Evergramde, Xie Huihua, the CFO of Evergrande and other executives will attend the 12-days global road show via 8 cosmopolis, i.e. Hong Kong, Singapore, London, Boston, Beijing and Shanghai.

Taking the opportunity of releasing its remarkable achievement in 2009, Evergrande holds the road show to showcase its superb strength and renowned brand image to the global investors, enable the investors to have better and deeper understanding of the enterprise, and further promote its image and strength as the leading enterprise in China s real estate industry.

Sharing the Remarkable Achievement   the Launching of Evergrande   s Global Road Show

Xia Haijun, the president of Evergrande, introduces the development prospect of Evergrande to investors from investment banks

Evergrande Real Estate Group has been rated as the Top Ten Real Estate Enterprises in China in terms of overall strength for seven consecutive years. As the leader of standard operating in China s real estate industry, Evergrande has always committed itself to retaining and promoting the advantages in operation, brand, scale, product structure, cost, development and team management as well as realizing the grand goal of building first-class scale, first-class brand, and first-class team.

Up until the end of 2009, Evergrande has 37 real estate projects in 25 cities of China, 86% of which are in the major capital cities. Last year, the contracted sale of he company is RMB 30.3 billion yuan, 4 times of that of the same period of previous year. The volume of turnover outside Guangdong Province rises to 76.

3% of national total from 66.9% in 2008, serving as a good example of successful expansion of national market. In the first quarter of 2010, the total sales increase 1.7 times, reaching about RMB 8.39 billion yuan. It is likely that the annual sales of 2010 will increase by 20% compared with that of last year.

According to performance report, by the end of last year, the total amount of cash earning of Evergrande reached RMB 14.38 billion yuan with the bank loan of RMB 14.18 billion yuan, the non-restricted bank financing of RMB 20.45 billion yuan and the reimbursable contracted sales of RMB 5.7 billion yuan.

Sharing the Remarkable Achievement   the Launching of Evergrande   s Global Road Show

President Xia Haijun exchanges notes with investors from invest banks.

On January 22, 2010, Evergrande issued 5-year senior note of 750 million US dollars, setting a new record of debt scale issued by the real estate enterprises of Chinese mainland in Hong Kong. On April 13, 2010, Evergrande issued 600 million US dollars of senior notes to Chinese Estate and its president Joseph Lau, further expanding the capital reserve and accelerating development.