Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Mingfa Group (International) Company Limited
明 發 集 團( 國 際 )有 限 公 司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 00846)
QUARTERLY UPDATE ANNOUNCEMENT
AND
UPDATE ON RECENT DEVELOPMENT OF
SUSPENSION OF TRADING
This announcement is made by Mingfa Group (International) Company Limited (the ''Company'', which together with its subsidiaries, the ''Group'') pursuant to Rules 13.09 and 13.24A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Future Ordinance (Chapter 571 of the Laws of Hong Kong).
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UNAUDITED CONTRACTED SALES PERFORMANCE FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019
Based on the contracted sales record of the Company for the nine months ended 30 September 2019, the Group achieved unaudited contracted sales of approximately RMB8.52 billion in total, representing a decrease of approximately 36.2% when compared to the same period in 2018 (approximately RMB13.36 billion).
Average | ||||||
Selling | ||||||
City | Area | Price | Amount | Percentage | ||
(RMB/ | (RMB in | |||||
(sq.m.) | sq.m.) | million) | (%) | |||
Nanjing, Jiangsu Province | 92,200 | 20,772 | 1,915.2 | 22.5% | ||
Zibo, Shangdong | 73,594 | 9,892 | 728.0 | 8.5% | ||
Lai'an, Anhui Province | 103,805 | 6,820 | 708.0 | 8.3% | ||
Jinzhai, Anhui Province | 101,957 | 5,611 | 572.1 | 6.7% | ||
Changsha, Hunan Province | 86,902 | 6,436 | 559.3 | 6.6% | ||
Taizhou, Jiangsu Province | 67,243 | 6,420 | 431.7 | 5.1% | ||
Chizhou, Anhui Province | 47,567 | 8,606 | 409.4 | 4.8% | ||
Ma'anshan, Anhui Provine | 56,391 | 6,702 | 377.9 | 4.4% | ||
Guang'an, Sichuan Province | 68,758 | 5,017 | 345.0 | 4.1% | ||
Quanjiao, Anhui Province | 54,753 | 5,936 | 325.0 | 3.8% | ||
Wuhu, Anhui Province | 47,651 | 6,299 | 300.1 | 3.5% | ||
Chuzhou, Anhui Province | 26,131 | 8,595 | 224.6 | 2.6% | ||
Sihong, Jiangsu Province | 26,196 | 7,828 | 205.1 | 2.4% | ||
Shenyang, Liaoning Province | 25,758 | 6,785 | 174.8 | 2.1% | ||
Fengxian, Jiangsu Province | 27,979 | 6,039 | 169.0 | 2.0% | ||
Zhenjiang, Jiangsu Province | 27,400 | 5,718 | 156.7 | 1.8% | ||
Suqian, Jiangsu Province | 24,374 | 6,232 | 151.9 | 1.8% | ||
Others | 110,381 | 6,922 | 764.1 | 9.0% | ||
1,069,040 | 7,968 | 8,517.6 | ||||
The information set out above are unaudited figures based on the contracted sales record of the Company, which may differ from the figures to be disclosed in the annual report to be published by the Company on an annual basis. The above figures are provided for reference only and do not mean to be complete. Investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, investors are advised to seek professional advice from professional or financial advisers.
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FURTHER ANNOUNCEMENT(S) ON MATERIAL INFORMATION AND PROGRESS
References are made to the announcements of the Company dated 31 March 2016, 1 April 2016, 22 April 2016, 3 May 2016, 27 May 2016, 10 June 2016, 29 July 2016, 31 August 2016, 3 October 2016, 1 November 2016, 2 December 2016, 3 January 2017, 27 January 2017, 2 March 2017, 3 April 2017, 2 May 2017, 2 June 2017, 3 July 2017, 3 August 2017, 18 August 2017, 18 September 2017, 18 October 2017, 14 December 2017, 26 January 2018, 19 March 2018, 30 April 2018, 31 May 2018, 28 June 2018, 20 July 2018, 1 August 2018, 31 August 2018, 3 October 2018, 2 November 2018, 3 December 2018, 2 January 2019, 1 February 2019, 28 February 2019, 31 March 2019, 16 April 2019, 18 April 2019, 30 April 2019, 31 May 2019, 25 July 2019, 26 July 2019, 31 July 2019, 30 August 2019 and 30 September 2019, which provided ongoing material updates on the development of the Group since its trading suspension. Capitalised terms used herein shall have the same meanings as defined in the Announcements unless otherwise defined here.
On 16 July 2019 and 26 July 2019, the Company submitted the Resumption Report and the Supplemental Report to the Stock Exchange, respectively, for the purpose of demonstrating the Company's progress of fulfilment of the Resumption Conditions (the ''Resumption Submissions''). On 23 October 2019, upon enquiry of the Company made on 16 October 2019, the Stock Exchange informed the Company that the Resumption Submissions are under review.
The Company will continue to comply with the Listing Rules while the Company awaits confirmation from the Stock Exchange in response to the request of the Company for resumption of trading of its Shares on the Stock Exchange.
The Company will make further announcement(s) on the material development and progress in relation to the fulfillment of the Resumption Conditions as and when appropriate.
CONTINUED SUSPENSION OF TRADING
At the request of the Company, trading in the shares of the Company on the Stock Exchange has been suspended with effect from 1 April 2016 and will remain suspended until further notice pending the fulfilment of the Resumption Conditions.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.
On behalf of the Board
Mingfa Group (International) Company Limited
POON WING CHUEN
Company Secretary
Hong Kong, 31 October 2019
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As at the date of this announcement, the Board comprises:
Executive Directors: | Mr. Huang Qingzhu, Mr. Huang Lianchun, |
Mr. Huang Li Shui and Mr. Liu Yuwei | |
Non-executive Director: | Mr. Wong Wun Ming (Chairman) |
Independent non-executive | Mr. Lau Kin Hon, Mr. Chu Kin Wang Peleus, |
Directors: | Dr. Lam, Lee G., and Mr. Chan Sing Lai |
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Mingfa Group (International) Co. Ltd. published this content on 31 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2019 09:31:02 UTC