SHENZHEN INTERNATIONAL HOLDINGS LIMITED 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.
(Incorporated in Bermuda with limited liability)
(Stock Code: 00152) VOLUNTARY ANNOUNCEMENT ENTERING INTO OF INVESTMENT AGREEMENT - INVESTMENT IN AND CONSTRUCTION OF THE CHANGSHA PROJECT OF "CHINA URBAN INTEGRATED LOGISTICS HUB"
Shenzhen International Holdings Limited (the "Company") is pleased to announce that on 14
October 2014, the Company and the Management Committee of Changsha Jinxia Economic
Development Zone ( 長沙金 霞經 濟開 發區 管理委 員會 ) entered into an investment
agreement (the "Investment Agreement") in respect of the investment in and construction of the Changsha project of China Urban Integrated Logistics Hub (深國際城市綜合物流港)
(the "Changsha Project"), pursuant to which the Company agreed to invest in, develop and construct the Changsha Project in Changsha Jinxia Economic Development Zone in Changsha, Hunan Province, China.
14 October 2014
Parties:
(1) the Company; and
(2) the Management Committee of Changsha Jinxia Economic Development Zone (which is responsible for the development of Changsha Jinxia Economic Development Zone, being development zone at provincial level in Hunan, including the solicitation of commercial tenants and investors for the site).
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Pursuant to the Investment Agreement, the Management Committee of Changsha Jinxia Economic Development Zone will, so far as permissible under pertinent policies and laws, assist the Company in the coordination work with relevant government authorities to acquire land with a total area of 346,000 square metres as the sites for the development and construction of the Changsha Project. The project sites concerned will be acquired in two phases, with the target of acquiring the site for phase one with an area of approximately
162,000 square metres (equivalent to approximately 244 mu) by 30 June 2015 and of the site for phase two with an area of approximately 184,000 square metres (equivalent to approximately 276 mu) by 30 December 2015.
The Company will set up a project company within three months from the date of the Investment Agreement. Such project company will acquire the land use rights of the sites under the Changsha Project pursuant to the Investment Agreement in accordance with statutory listing procedures, and will enter into the related land transfer contracts with relevant land and resources administration authorities. The Company will commence the development and construction of the Changsha Project upon completion of the acquisition of the land use rights of the relevant land.
The Changsha Project will be located within the Qingzhuhu area of Jinxia Economic Development Zone in the northern part of Changsha, the provincial capital of Hunan, China with a site area of approximately 346,000 square metres (approximately 520 mu), and is an important strategic node for enhancing the Company's network presence in Central China regions under the "China Urban Integrated Logistics Hub" development plan. As one of the key provincial-level development zones of Hunan, Changsha Jinxia Economic Development Zone is an important logistical base with ready access to a transportation network comprising marine, road and railway transport.
The Changsha Project will be an efficient and multi-functional one-stop logistic service platform for customers and partners integrating the functions of exhibition centre, drop-and-pull transport centre, cargo consolidation and deconsolidation centre, multi-functional logistic centre (modern warehousing), information and supply chain management centre, e-commerce cluster, regional headquarters base for the logistic sector and ancillary service centre.
Changsha is the provincial capital of Hunan province and an important industrial and commercial city in southern Central China, with a GDP of RMB715.3 billion in 2013 and ranked second among Central China cities. Located at the intersection of the south-to-north route and the east-to-west route of the two prosperous economic regions respectively, namely the Pearl River Delta Region and the Yangtze River Delta Region, and at the centre of the domestic highway network comprising 5 north and south bound highways and 7 east and west bound highways, Changsha enjoys a prestigious geographic advantage for development into a core national logistics hub.
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E-commerce has been rapidly developing in Hunan Province during the past two years. The total e-commerce transaction amount of the province for 2013 amounted to RMB121.5 billion, representing year-on-year growth of 102%. The total e-commerce transaction amount of the province for the first half of 2014 already amounted to RMB137.0 billion, representing year-on-year growth of 128%.
With ample resources and experience in the logistic industry, as well as an experienced management team and infrastructure construction capabilities, the Group will continue to adhere to its development plan to gradually expand its nationwide logistic network by developing China Urban Integrated Logistics Hub projects in major logistic gateway cities across Eastern, Southern, Central, Northern, Northeastern, Southwestern and Northwestern of China. The Group strives to become a leading logistic infrastructure facility provider in China and to further enhance returns for its shareholders.
As at the date of this announcement, the Group has signed investment agreements in respect of China Urban Integrated Logistics Hub projects with various cities which are key logistical nodes, such as Shenyang, Wuxi, Wuhan, Tianjin, Shijiazhuang and Changsha, covering a site area of approximately 2.16 million square metres in aggregate. Among them, "Shenzhen International Shenyang Integrated Logistic Hub" and "Shenzhen International Wuxi Integrated Logistic Hub" have successfully acquired land with areas of 240,000 square metres and 140,000 square metres, respectively.
By Order of the Board
Shenzhen International Holdings Limited Gao LeiChairman
Hong Kong, 15 October 2014
As at the date of this announcement, the board of directors of the Company consists of Messrs. Gao Lei, Li Jing Qi, Li Lu Ning, Liu Jun and Yang Hai as executive directors, Dr. Yim Fung, JP as non-executive director and Messrs. Leung Ming Yuen, Simon, Ding Xun and Nip Yun Wing as independent non-executive directors.
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