HONG KONG, Sept. 24, 2020 /PRNewswire/ -- Sinic Holdings (Group) Company Limited ("Sinic Holdings" or the "Company", together with its subsidiaries, the "Group", stock code: 2103.HK) has been awarded four significant awards in The Hong Kong Investor Relations Association (HKIRA) "6th Investor Relations Awards (The IR Awards)", which fully demonstrated the recognition of the Group's investor relations by the investment community.
Sinic Holdings won the highest awards in four award categories, including:
"The 6th Investor Relations Awards" was hosted by Hong Kong Investor Relations Association, which is an annual campaign that aims to encourage, recognize and reward the excellence in investor relations practices by individuals and companies listed in Hong Kong Stock Exchange(HKEx). Since launched in 2015, the awards seeks out and highlights the incredible achievements of individuals and companies with high standards in investor relations through their role modelling to the investment community. The selection is based on the comprehensive capabilities of the companies and candidates and it conducts two rounds of selection from public voting to jury selection, aiming to select the most suitable winner or company.
Sinic Holdings was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX") in 15 November 2019, being the youngest domestic real estate stock listed on the HKEX. Sinic Holdings started in Nanchang, Jiangxi in 2010, with impressive performance in the industry and reparably rapid development. Since then, the Group has established a leading position among residential property developers in Jiangxi Province, and expanded into the Yangtze River Delta, the Guangdong-Hong Kong-Macau Greater Bay Area, core cities in Midwest China and other potential areas. The Group has always been committed to quality throughout the process of property development, by designing and implementing quality control standard and procedure for each property project, including but not limited to standard quality control on design, procurement, construction and delivery.
The Group has gained widespread supports and recognitions from the market since its listing on the HKEX in November 2019. It also received positive comments on research coverage from capital markets, including CMB International, CCB International, BNP Paribas, BOCI, Guotai Junan, Standard Chartered, Barclays and Citi. In addition, on 9 March 2020, the Group was officially included in both the Hang Seng Composite Index and Mainland-Hong Kong Stock Connect. During 1H20, the Group was assigned global scale long-term issuer corporate credit ratings of "B+" (Outlook "stable"), "B" (Outlook "stable") and "B2" (Outlook "stable") respectively by the international credit rating institutions, including Fitch, Standard & Poor's and Moody's for the first time. Moreover, Fitch has also assigned Sinic Holdings a senior unsecured rating of 'B+' with a Recovery Rating of 'RR4'. In addition, the domestic credit rating agency, United Ratings, has maintained the Company's corporate credit rating of "AA+" with rating outlook of "Stable", and has also maintained facility credit rating of "AA+".
Mr. ZHANG Yuanlin, Co-chairman and Executive Director of Sinic Holdings (Group) Company Limited said: "We are very pleased to receive four significant awards in The Hong Kong Investor Relations Association (HKIRA) "6th Investor Relations Awards". These awards strongly prove that our efforts in investor relations, information disclosure, corporate governance, and transparency have been recognized by the global investment community. In the future, Sinic Holdings will continue its property development projects in Jiangxi Province, the Yangtze River Delta, the Guangdong-Hong Kong-Macau Greater Bay Area, and core cities in Midwest China, and other regions with great development potential, with an aim to further consolidate its current market position pursuant to our strategy of "taking root in Jiangxi"; taking off across the nation. 2020 not only marks the 10th anniversary of the founding of Sinic, but also represents the first year since the listing of Sinic. In 2020, Sinic will start on a new journey. Through the transcendental quality empowered by Sinic 5S healthy neighborhood, living experience will continue to be upgraded. Aiming at the full-service cycle from home purchasing to living, Sinic strives to upgrade and create an industry-leading customer service system, thereby letting the capital market and customers to have full confidence in the Company's future development. Moreover, the Company will continue to assume corporate social responsibility by delivering love to the public. With the unique attitude of a craftsman, Sinic will always be able to find its own right path and will forge ahead in the rapidly changing real estate industry."
Ms. Venus ZHAO, Deputy General Manager of HK office & General Manager of Capital Markets and Corporate Communications, said: "Winning these awards among many candidates is a great encouragement and motivation for Sinic team. We will continue to work hard to further improve our investor relations, and actively enhance effective communication with the public and maintain close relationships with shareholders in order to promote our best practices in the investment community.
About Sinic Holdings (Group) Company Limited
Sinic Holdings (Group) Company Limited is a large-scale and comprehensive property developer in the PRC, focusing on the development of residential and commercial properties. Through nearly 10 years of operations, the Company has successfully established a leading position among residential property developers in Jiangxi Province and expanded its property development business into the Yangtze River Delta Region, the Greater Bay Region and the Central and Western China core cities and other regions with high-growth potential. According to the rankings of CRIC, China Index Academy and EH Consulting, the company ranked 36th, 32nd, and 31st in terms of sales amount (full scale) among real estate development enterprises of China in 2019.The Company was recognized as one of the China's Top 50 Real Estate Developers jointly by the China Real Estate Industry Association, Shanghai Yiju Real Estate Research Institution and China Real Estate Appraisal Center in 2018 and 2019, and one of the China's Top 30 Real Estate Developers in 2020 and Growth Top 10 in 2020 by the China Real Estate Top 10 Research Committee and China Index Academy in 2020.
The Company residential properties can be categorized into three major series, namely, its "Bay" Series, the "Garden" Series and the "Joy" Series, which target first-time home purchasers, home upgraders and extended families or high-income households, respectively. As of June 30, 2020, the total land bank attributable to the Company amounted to approximately 15.3 million sq.m., and the Company had 137 projects at various stages of development.
