On 1 December 2017, LVGEM (China) Real Estate Investment Company Limited (“LVGEM (China)” or the “Group“, 0095.HK), a renowned comprehensive real estate developer and commercial property operator in Shenzhen cooperated with the Shenzhen Stock Exchange and the Hong Kong Stock Exchange and organized the 3rd Corporate Day themed as “Walking into the Stock Connect Listed Companies” (the “event”), as a representative target company of Stock Connect. Ms. Huang Jingshu, chairlady of the group, Mr. Tang Shouchun, CEO, Ms. Deng Chengying, executive director, Mr. Hu Yong, vice president of the Group, Mr. Chen Jianmin, general manager of Group’s Capital Operation Center and nearly 50 Mainland investors from approximately 20 institutions and more than 10 financial reporters from Mainland exchanged experiences.
Since the launching of “Walking into listed Companies”, a themed event hosted by the Shengzhen Stock Exchange on May 2012, the event has directed nearly 10 thousand investors to walk into listed companies accumulatedly. In October this year, with the support and coordination of the Hong Kong Stock Exchange and the Hong Kong Investor Relations Association, the Shengzhen Stock Exchange extended this event to those target companies in Stock Connect for the first time. This was meant to further strengthen exchange and interaction between Stock Connect listed Companies and mainland investors. Three most popular Stock Connect target real estate companies has been selected by investors through online voting. LVGEM (China) were selected amongst the other two which were Logan Property and China Merchants Land.
LVGEM (China) as a quality and featured property developers, pioneer in urban renewal, has persistently laid out the core areas in core cities. Participants of the event first inspected the project of LVGEM Mangrove Bay No. 1, located at Shenzhen Business Center District (CBD). Then they subsequently visited the landmarked urban commercial complex, namely “NEO”, which was developed, owned and operated by the Group; and lastly an in-depth exchange of experience between the participants and our management was taken place in the auditorium room of the Group’s headquarter in “NEO”. .
Since December 2015, LVGEM (China) successfully landed in Hong Kong capital market through a reverse takeover (RTO), and its investment value was gradually being explored in the past two years. Mr. Tang Shouchun, CEO analyzed on site the three major comparatives advantages of LVGEM (China) for investors. First of all, the Group had a forward-looking perspective as it specifically and accurately laid out upfront in Guangdong-Hong Kong-Macao Greater Bay Area and intensively developed Pearl River Delta, with Shenzhen and Hong Kong as the focal cities for develpment. Secondly, the Group owned comparative advantage in resources and was benefited from low production cost and high gross profit from urban renewal projects; Besides, the businesss model followed by the Group where it associated and interacted with the controlling shareholders ensured certainty in land acquisition, comparative advantages in price fixing, cost economy and steadiness in cash flow. Currently, the controlling sharehodlers of the Group possessed 12 million square meter as land reserve, located mostly in Shezhen. In the future, the Group is expected to persistently acquire these land and hopefully to get substantial earning.
Mr. Tang believed that the industrial regulations and specifications in China’s real estate industry had become the new norm and therefore to maintain a healthy and steady development of the real estate market had become the main theme. While the differentiation within the industry was inevitable, first-tier real estate developers and property developers with characteristics including LVGEM (China) Real Estate were confronted with enormous opportunities for develpment in the future.
Investors and reporters also discussed in-depth with the management on issues as trends in the real estate industry, new regulations and specificiations of national asset management, LVGEM’s urban renewal projects experiences and future development and collaboration oppotunities with LVGEM (China). The scheduled half-hour exchange section was extended to more than one hour due to the uprising enthusiasm of the guests on spot.
The year 2017 has been an extraordinary year for LVGEM (China) when the Group had repeatedly won the title of “Creditworthy (Quality) Enterprise in Shenzhen Real Estate Development Industry” awarded by Real Estate Association of Shenzhen; Meanwhile, for consecutive 7 years LVGEM (China) was reselected into “Comprehensive Capabilities of Shenzhen Real Estate Development Industry” Top 10 list. The Group acquired a building from The Wharf (Holdings) at HKD9 billion, while the whole building was located at 8 Bay East, 123 Hoi Bun Road, Kwun Tong. Meanwhile, plenty of major urban renewal projects and under-construction projects of the Group had made breakthrough progress.
Ms. Huang Jingshu, chairman of the Group, expressed in her speech: “For the past 20 years, LVGEM (China), initiating its presence from Shenzhen, has developed and operated a large number of high-quality residential and commercial development projects in Guangdong-Hong Kong-Macao Greater Bay Area and achieved remarkable social, economic and environmental benefits. Looking forward, we will continue to adhere to the dual-core layout, two-way expansion and two-wheel-driven development strategy in operation, leverage on comparative advantages to create an appropriately sized, quality in assests, superiorly effective, differentiatedly competitive and featured real estate developmental operator.”
“Stock Connect has almost reached its first anniversary. LVGEM (China), as a target company for Stock Connect, highly regards this platform. In the future, the Group will steadfastly develop and operate core projects in the Guangdong-Hong Kong-Macao Greater Bay Area. Our team will remain loyal to our original inspiration, and to progress forward so as to create substantially more value and contribution to our investors and community at large.”
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