BEIJING, March 18, 2021 /PRNewswire/ -- Xinyuan Real
Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an
NYSE-listed real estate developer and property manager operating
primarily in China and also in
other countries, today announced the partnership with Sino-Ocean
Group on lately acquired land parcel in Zhengzhou, China, marking a first step of
cooperation between two enterprises.
Mr. Zhang Yong, Chairman of
Xinyuan Group: "In February 2021,
Xinyuan and Sino-Ocean Group formed a comprehensive strategic
cooperation in high quality residential/commercial development,
property management and other innovative businesses in finance and
real estate area. Initiating this Zhengzhou project marks significant progress
and gets our cooperation off to a promising start."
The parcel is located at the intersection of Daxue Road and
South Fourth Ring Road, Erqi District, Zhengzhou, covering an area of approximately
47,000 square meters with maximum plot ratio of 2.9. As one
of the core living area of urban Zhengzhou, this location offers convenient
transportation and quality lifestyle with access to the subway line
No.7 and proximity to various educational, medical and commercial
facilities.
"For over twenty years, Xinyuan has developed and integrated new
technologies and best practices to create high living standards
with environmental protection and sustainability. The group is also
open to opportunities of collaborations with peers or institutions
with similar visions. We are confident that this cooperation with
Sino-Ocean may benefit the business of both sides and facilitate
our future growth." Zhang concluded.
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 recently 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, Tianjin, Zhengzhou, Jinan, Qingdao, Chengdu, Xi'an, Suzhou, Dalian, Zhuhai and Foshan. 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. 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.
About SINO-OCEAN GROUP
SINO-OCEAN GROUP HOLDING LIMITED, formerly Sino-Ocean Land
Holdings Limited, founded in 1993, is an investment holding company
principally engaged in property development and property investment
in the People's Republic of China
(the PRC). The Company is engaged in property development in
Beijing-Tianjin-Hebei, Northeast, Central and Southern. The
Company operates its business through three segments: Property
Development, Property Investment and All Other segment.
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 future debt and financial position, potential
future collaborative efforts, among others, and can generally be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates" 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
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; the impact of
pandemics, such as Covid-19, on the real estate market and the
economies in our markets； 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, 2019.
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:
In China:
Xinyuan Real Estate Co., Ltd.
Mr. Rick Wang
Investor Relations Department
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com
The Blueshirt Group
Ms. Susie Wang
Mobile: +86 (138) 1081-7475
Email: susie@blueshirtgroup.com
In the United States:
The Blueshirt Group
Ms. Julia Qian
Email: Julia@blueshirtgroup.com
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SOURCE Xinyuan Real Estate Co., Ltd.
