General Announcement::SGX welcomes Chiwayland International to Mainboard

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
06-Aug-2014 09:18:46
Status
New
Announcement Sub Title
SGX welcomes Chiwayland International to Mainboard
Announcement Reference
SG140806OTHR8ZKJ
Submitted By (Co./ Ind. Name)
Loh Wei Ling
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is pleased to welcome the listing of Chiwayland International Limited on Mainboard under the stock code ACW .

The listing follows a reverse takeover of RH Energy Ltd (renamed Chiwayland International Limited) by Chiwayland Group (Singapore) Pte Ltd for a consideration of S$399 million, satisfied by a combination of cash and issue of shares by RH Energy Ltd.

Chiwayland International is a property developer involved in the development, project management and sale of residential and commercial properties in the Yangtze River Delta region in China.

Kevin Qian Jianrong, Chairman and CEO of Chiwayland International Limited, said: We are happy to be listed on the Mainboard of SGX. Chiwayland offers an opportunity for investors to be exposed to China s property sector. Chiwayland will continue to focus on utilizing our capabilities and experience in township planning, design, and integration of education and lifestyle elements into our property developments to create vibrancy in cities. We are committed to continue growing prudently from strength to strength, and seizing opportunities to expand progressively beyond China. The success of our listing is an affirmation of investors confidence in Chiwayland s track record, and our growth prospects.

Lawrence Wong, Head of Listings at SGX, said: We are pleased that Chiwayland International has chosen to list on SGX and look forward to support them as they leverage on our platform to grow their business.

The listing of Chiwayland International brings the total number of SGX-listed companies in the real estate sector to 88 with a combined market capitalisation of more than $180 billion.

-End-

Attachments

20140806_SGX_welcomes_Chiwayland_International_to_Mainboard.pdf
Total size =173K