Zhongliang Holdings Group (2772.HK) Achieved RMB100.5B in First Nine Months of 2019, up approx. 36% YoY

HONG KONG, Oct. 3, 2019 /PRNewswire/ -- The board of directors of Zhongliang Holdings Group Company Limited (the"Group"; Stock Code: 2772) announced the certain unaudited operating statistics of the Group for September 2019.

Contracted Sales
Achieved RMB100.5B in First Nine Months of 2019, up approx. 36% YoY Completed 77% of Full Year Sales Target

From January to September 2019, the Group achieved contracted sales (including those from joint ventures and associated companies) of approximately RMB100.5 billion, representing a YoY increase of approximately 36% and contracted GFA of approximately 9,657,900 sq.m., representing a YoY increase of approximately 37%. From January to September 2019, contracted ASP was approximately RMB10,400 /sq.m.

In September 2019, the Group achieved contracted sales of approximately RMB14.6 billion, representing a YoY increase of approximately 116% (compared to September 2018) and contracted GFA of approximately 1,342,600 sq.m., representing a YoY increase of approximately 88% (compared to September 2018). The contracted ASP amounted to approximately RMB10,900 /sq.m.

News Updates
Zhongliang Holdings strives to optimize its capital structure by exploring different financing channels in an active manner. In September, we successfully launched the debut US dollar bond with positive market response. The Group announced the issuance of US$300 million 11.5% senior notes due 2021 on 19 September, with 2.5 times oversubscribed, affirming investors' confidence in the Group's credit and its development prospects. On 27 September, we announced additional issuance of US$100 million senior notes due 2021. The Notes will be listed on the Hong Kong Stock Exchange, while the Notes are rated "B2" by Moody's  and "B+" by Fitch Ratings.

Land Acquisition
From January to September in 2019, the Group added a total of 104 land parcels, with an aggregate land premium of approximately RMB52 billion.

Table below is the September land acquisition:

*Note: Subject to land biding, investment cooperation agreements, land grant contracts and equity cooperation agreements

Company Profile
Headquartered in Shanghai, based in the Yangtze River Delta Economic Region with a national footprint, Zhongliang Holdings is a fast - growing comprehensive nationwide real estate developer with 100 billion contracted sales. In 2019, we are recognized as TOP 20 real estate developer in China and ranked TOP 1 in terms of development potential by China Real Estate Association and E-house China R&D Institute China Real Estate Appraisal Center. We focus on the development of residential properties and have recently started to develop, operate and manage commercial properties.

We offer three standardized product series, namely, the Shanti, the Glory and the Royal series, targeting first-time purchasers, first-time upgraders and second-time upgraders. By virtue of approximately 19 years of experience in China's real estate industry and regional expansion strategy, we have a product portfolio of 385 projects across five core economic zones in China, namely, Yangtze River Delta, the Midwest China, the Pan-Bohai, the Western Taiwan Straits and the Pearl River Delta, covering 139 cities in 23 provinces and municipalities, our total land bank reached 53 million sq.m as at 30 June 2019.