CWG International (formerly Chiwayland International)

[CityFarmer]

I started a new thread for this company. The company is RTO by a China property developer, the Chiwayland Group. The name of the company might be changed after the RTO

The main point is, it might mark the comeback of S-Chip, and more will come in near future...

(not vested)

Chinese property firm to list on SGX

A Chinese developer eyeing the local property market is poised to be the first S-chip in about two years to list on the Singapore Exchange, the Straits Times reported.

The Chiwayland Group, which mainly develops residential and commercial property in Shanghai and other parts of the Yangtze River Delta region, will soon complete a $399 million reverse takeover of mainboard-listed oil and gas firm R H Energy.

http://www.theedgesingapore.com/the-dail...n-sgx.html

[reggas]

name looks familiar....same company that tried to RTO into OceanSky in 2012?

[CityFarmer]

name looks familiar....same company that tried to RTO into OceanSky in 2012?

Isn't it the failed RTO is from Ezion Holding?

(not vested on both)

[reggas]

The Chiwayland Group earlier talks with OceanSky i read below from sgx announcements portal. Don't know whether same company or not.

RTO MOU with Chiwayland announced 2apr2012

Extension of talks 2Jul2012

MOU RTO terminated 26Aug2012

[CityFarmer]

The Chiwayland Group earlier talks with OceanSky i read below from sgx announcements portal. Don't know whether same company or not.

RTO MOU with Chiwayland announced 2apr2012

Extension of talks 2Jul2012

MOU RTO terminated 26Aug2012

Base on the introduction of the MOU, The ChiwayLand Group should be the same one as in this thread. Thanks for the update...

"The ChiwayLand Group is one of the leading property developers involved in the development,
project management and sale of residential and commercial properties in the Yangtze River Delta
region of the People's Republic of China ("PRC"). The ChiwayLand Group has a track record of
more than 10 years in property development and has to date, completed and managed seven
property development projects with an aggregate gross floor area (“GFA”) of more than 900,000
square metres. In addition to its completed properties, the ChiwayLand Group has a strong
pipeline of large and well-located properties under and held for development with an aggregate
GFA of approximately 1,885,000 square metres"

[yawnyawn]

Chiwayland RTO at $399m, shares issued at $0.69.

Compliance Placement priced at $0.61 for 6.1m shares.
http://infopub.sgx.com/FileOpen/Chiwayla...eID=308336

Share price closed at 0.435 today. Market values the company around $250m now. PATMI for FY13:RMB109.0m ~ S$22m. Market does not like this RTO.

[greengiraffe]

Shanghai developer Chiwayland in $160m apartment venture after Singapore listing

BEN WILMOT THE AUSTRALIAN AUGUST 16, 2014 12:00AM

SHANGHAI-based developer Chiwayland International has pushed into the Australian property market with a $160 million venture in Queensland just after listing on the Singapore Stock ­Exchange.

The group has made its first foray outside China by setting up a 50-50 joint venture with Brisbane-based Property Solutions Pty Ltd.

The venture will initially focus on apartment developments in Nundah and Toowong town areas in Brisbane, where the pair will jointly develop three property projects that occupy a total site area of about 5500sq m. The three projects will cost a total of $160m and are expected to yield an aggregate gross floor area of about 32,000sq m.

They will build two stages within Property Solutions’ larger Circa Nundah Village development, and they are expected to be complete by second quarter of 2016 and fourth quarter of 2015 respectively. Construction of the Toowong project is expected to be complete by second quarter of 2017.

Chiwayland executive chairman Kevin Qian Jianrong said: “The (Singapore) listing has opened up new horizons in the international arena for Chiwayland, and our co-development projects in Brisbane with Property Solutions lead the way for the group’s overseas expansion.”

He added that there were “good investing opportunities in Australia’s property market”, saying “we believe that the JV will allow the group to offer an attractive opportunity for the clients in China who wish to purchase or invest in properties in Australia”.

Mr Qian said he was confident that the homes being built would be in demand by local as well as foreign buyers.

In China, Chiwayland International develops residential and commercial properties and it has undertaken projects ranging from office buildings to education hubs and fixed-price housing.

As the Chinese government moved to cool its property market, Chiwayland expanded into fixed- price housing. It specialises in developments with lower land costs and working with authorities in order to reduce its exposure to market fluctuations.

Property Solutions is focused on Brisbane’s Fortitude Valley, as well as on industrial estates in the Yatala Enterprise Area, which sits between Brisbane and the Gold Coast.

[CityFarmer]

First result after the RTO? This stock performance serves as a good indicator for China property market...

(not vested)

Chiwayland International posts 23% rise in PATMI to $6.1 mil in 2Q

Chiwayland International, the property developer based in China, today announced a 94% surge in revenue to RMB732.1 million ($151 million) for the three months ended 30 June 2014 (2Q2014).

For the six months ended 30 June 2014 (1H2014), Chiwayland’s revenue crossed the RMB1 billion mark, with a 54% increase from 1H2013’s RMB649 million.

Chiwayland said the increase was mainly driven by higher gross floor area (GFA) sold and recognised for two projects – Xuancheng Chiway Top Town and Suzhou Hetai Garden, which accounted for 96.2% and 93.2% of total revenue for 2Q2014 and 1H2014, respectively.

Gross profit margin in 2Q2014 and 1H2014 declined to 9.5% and 8.6% respectively, mainly attributable to the higher revenue and gross profit contribution from fixed price housing units. Fixed price housing projects generally yield lower margins. In addition, the decrease was also attributable to the absence of higher margin projects in 2Q2014 and 1H2014.

Xuancheng Chiway Top Town yielded lower gross profit margin as compared to the projects with higher margins recognised in 2Q2013 and 1H2013.

Gross profit improved by RMB7.9 million or 12.7% to RMB69.8 million in 2Q2014 and increased by RMB3.9 million or 5%, to RMB85.8 million in 1H2014. Profit after tax and minority interest increased by 23% to RMB29.5 million in 2Q2014, whereas that for 1H2014 declined by 29% to RMB10.7 million.

The Group’s net assets value attributable to shareholders was RMB307.3 million as at 30 June 2014. For illustrative purposes only, based on the total number of issued shares of 666,851,006 (upon completion of RTO exercise and compliance placement), this translates into net asset value per share of 46.08 RMB cents.

Its cash and cash equivalents balance increased to RMB681.0 million as at 30 June 2014 from RMB568.3 million as at 31 December 2013.
http://www.theedgesingapore.com/the-dail...in-2q.html

[greengiraffe]

Miller's overseas tie-up

Matthew Cranston
380 words
30 Sep 2014
The Australian Financial Review
AFNR
English
Copyright 2014. Fairfax Media Management Pty Limited.

One developer who has embraced the flood of Asian capital coming to Australia is Kevin Miller's Property Solutions.

He has struck a deal with Shanghai-based developer Chiwayland International and has just lodged a development application for a $120 million tower in Brisbane's inner-west suburb of Toowong.

"We are enjoying the exchange of both design, marketing and development expertise between our two companies and see the future pipeline of projects growing with Chiwayland in other areas of the market including industrial and retail both in Brisbane and the Gold Coast," Mr Miller said.

"They are good, hard working, and very intelligent people and we are delighted that they have chosen to join us in investing substantial funds into Queensland."

The joint venture's project is set to be a single tower of 221 apartments on a 2077-square-metre site snapped up for $11.5 million last month from the Shop ­Distributive and Allied Employees' Association.

The site is strategic given it is located near the University of Queensland. Chiwayland is heavily focused on education in China. It has a portfolio of 56 technical ­colleges and private schools. "We hope that they will take a significant role in that area in Queensland as well," Mr Miller said.

Chiwayland's Australian ­business manager Brian Chen said the company made the decision to link up with Property Solutions in light of its credibility in the development space and extensive project workbook.

"Property Solutions has ­established itself as a leading ­developer of urban renewal and mixed-use projects in Brisbane and we are excited by the opportunities that our partnership presents both for this project and future ventures," he said.

Under the proposal to Brisbane City Council, the ageing two-storey commercial complex which ­occupies the Toowong site will be demolished to make way for the project which will include a range of one-, two- and three-bedroom apartments. The building is set for completion in 2017.

It is the first endeavour outside China for Shanghai-based ­Chiwayland which listed on the Singapore Stock Exchange in August this year.

Mr Miller said Property Solutions had plans to jointly deliver further projects with Chiwayland, including two future stages within its Circa Nundah Village.


Fairfax Media Management Pty Limited

Document AFNR000020140929ea9u0002l

[greengiraffe]

Chinese group Chiwayland to jointly develop city project
THE AUSTRALIAN DECEMBER 06, 2014 12:00AM

Greg Brown

Property Reporter
Sydney
Chinese group moves into city project
China-based property developers continue to aggressively push into Australia’s apartment development market. Source: Supplied

CHINA-based property developers continue to aggressively push into Australia’s apartment development market, with Chiwayland International moving into Sydney.

Chiwayland, which is listed on the Singapore Exchange, has just signed a memorandum of understanding with an Australian company to jointly develop a project in Sydney.

It is not yet known which company Chiwayland has struck the agreement with or which site it plans to develop.

But when contacted by The Weekend Australian yesterday, a spokesman for the company said the group thought the Sydney unit market was “very hot” and would stay that way for the next two years. “It will stay hot for quite some time because in Sydney there is a shortage of supply and a competitive demand,” he said.

Chiwayland’s announcement comes in the same week that major Chinese developer China Poly Group is thought to have entered the Sydney apartment market by paying $110 million for a site at ­Epping, in the city’s northwest.

Chiwayland’s first foray outside China was in Queensland earlier this year, when it set up a joint venture with Brisbane-based group Property Solutions to develop $160m worth of projects.

The Chiwayland spokesman said the group chose Australia as its first international market due to its political stability and transparency.

In Melbourne, the demand is shifting to suburban sites. A mainland private Chinese developer yesterday beat off other bidders at an auction for a retail property on Chapel Street for $8.4m.

The 1137sq m site has dual street frontages and potential for multi-level mixed-use development. It is surrounded by several approved and completed apartment complexes. The deal was struck by CBRE’s Mark Wizel, Josh Rutman and Rorey James.