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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Yuexiu Real Estate Investment Trust    405   HK0405033157

YUEXIU REAL ESTATE INVESTMENT TRUST

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Yuexiu REIT : APPOINTMENT OF NON-EXECUTIVE DIRECTOR

06/20/2012 | 05:16pm EST

The Securities and Futures Commission of Hong Kong, 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.

(a Hong Kong collective investment scheme authorised under section 104

of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong))

(Stock Code: 00405) Managed by APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The board of directors ("Board") of Yuexiu REIT Asset Management Limited ("Manager"), as the Manager of Yuexiu Real Estate Investment Trust ("REIT"), is pleased to announce that Mr. Li Feng has been appointed as a non-executive director of the Manager, effective from 20 June 2012.
Mr. Li Feng, aged 43, is also the Assistant to General Manager of, and the general manager of the capital department of Guangzhou Yuexiu Holdings Limited ("Guangzhou Yuexiu") and Yue Xiu Enterprises (Holdings) Limited ("Yue Xiu Enterprises"), and a director of Guangzhou City Construction & Development Co. Ltd., mainly responsible for organizing and implementing the group's major capital operation plans and coordinating investor relations for the group's listed companies.
Mr. Li graduated from the Faculty of Naval Architecture and Ocean Engineering of South China University of Technology majoring in Naval Architecture, and obtained a Master of Business Administration degree from University of Jinan. He holds the qualification of a senior engineer in China.
- 1 -
Mr. Li joined Yue Xiu Enterprises in December 2001 and has successively held positions including assistant manager of corporate management department, assistant to general manager of supervision and auditing department, deputy general manager of capital department and deputy general manager of Yue Xiu International Development Limited.
Mr. Li is familiar with business of listed companies and the operation modes of capital markets. He has participated in several major capital operation projects of the Group, including engaging in the successful listing of GZI Real Estate Investment Trust, and has extensive practical experience in capital operation and auditing supervision.
Mr. Li has not held directorship in other listed public companies, the securities of which are listed in Hong Kong or overseas, in the past three years preceding the date of this announcement. He is a director of Dragon Yield Holding Limited, Bosworth International Limited, Excellence Enterprises Co., Ltd., Goldstock International Limited, Greenwood Pacific Limited, Perfect Goal Development Co., Ltd., Seaport Development Limited and Yue Xiu Finance Company Limited. Save as disclosed above, Mr. Li does not have any relationship with any other Directors, senior management, significant unitholders of the REIT. As at the date of this announcement, Mr. Li has personal interest in 1,825 units of REIT within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Li has not entered into service contract with the Manager nor is he appointed for a specific term.
There is no other matter in connection with Mr. Li's appointment that needs to be brought to the attention of the unitholders of the REIT and there is no other information that should be disclosed pursuant to Rules 13.51(2) (h) to (v) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited as if they were applicable to the REIT.
The Board confirms that the composition of the Board remains in compliance with the requirements of the Manager 's corporate governance policy notwithstanding the appointment of Mr. Li.
- 2 -
The Board would like to welcome Mr. Li to the Board. This announcement is made pursuant to paragraph 10.3 of the Code on Real Estate Investment Trusts.
Hong Kong, 20 June, 2012
By order of the Board

Yuexiu REIT Asset Management Limited

(as manager of Yuexiu Real Estate Investment Trust)

Yu Tat Fung

Company Secretary

As at the date of this announcement, the Board is comprised as follows:

Executive Directors: Mr. LIANG Ningguang (Chairman) and Mr. LIU Yongjie

Independent non-executive

Directors:

Mr. CHAN Chi On Derek, Mr. LEE Kwan Hung Eddie and Mr. CHAN Chi Fai Brian

- 3 -

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© Publicnow 2012
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Financials
Sales 2020 1 924 M 297 M 297 M
Net income 2020 707 M 109 M 109 M
Net Debt 2020 13 142 M 2 027 M 2 027 M
P/E ratio 2020 192x
Yield 2020 5,64%
Capitalization 12 486 M 1 611 M 1 926 M
EV / Sales 2020 13,3x
EV / Sales 2021 12,4x
Nbr of Employees 624
Free-Float 62,0%
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Technical analysis trends YUEXIU REAL ESTATE INVESTMENT TRUST
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 4,16 CNY
Last Close Price 3,78 CNY
Spread / Highest target 37,6%
Spread / Average Target 10,0%
Spread / Lowest Target -18,9%
EPS Revisions
Managers and Directors
NameTitle
De Liang Lin Chairman & Chief Executive Officer
Chi Fai Kwan Chief Financial Officer
Chi On Chan Independent Non-Executive Director
Chi Fai Chan Independent Non-Executive Director
Feng Li Non-Executive Director
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