DGAP-News

Yuxinlong International Ltd.: Yuxinlong agrees to purchase Tang Shan ZhengFeng Real Estate Co.

DGAP-News: Yuxinlong International Ltd. / Key word(s): Letter of
Intent/Mergers & Acquisitions
Yuxinlong International Ltd.: Yuxinlong agrees to purchase Tang Shan
ZhengFeng Real Estate Co.

19.01.2012 / 09:36

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MISSISSAUGA, ON - Yuxinlong International Limited, (´YL0´) (Börse Frankfurt
YL0) March, 2011 Yuxinlong signs agreement to purchase 70% of Tang Shan
ZhengFeng Realestate Devlopment Co. for 23 million U.S. dollars. Tang Shan
ZhengFeng holdings consists of 19 commercial and residential buildings.
Buildings totaling 200,000 square meters, the first two floors will be used
for commercial and the rest residential, total residential area will be
152,000 square meters, consists of 1728 apartments, The balance will be
commercial and parking spaces.

ZhengFeng´s management decided to join forces with Yuxinlong due to the
financial strength of the company and will offer 70% of ZhengFeng shares to
Yuxinlong after the purchase of the properties are completed as a package
deal to make the merged entity the largest real estate developer in the
area.
After the acquisition, Yuxinlong´s asset base will double as the two
strongest real estate developers consolidate their operations. Upon the
completion of the acquisition Yuxinlong will pay a total cost of 23 million
U. S. dollars.

About Yuxinlong International Limited

Yuxinlong International Limited was founded in 2007 and is now the largest
real estate developer in Tanghai County, China. Yuxinlong currently employs
a workforce of 2000 which is managed by a 79 member management team. The
company´s projects are located in an area designated as China´s next
economic and development zone. Yuxinlong´s major project in the area is the
´Tang Hai Bright Pearl Development´, a project which encompasses eight
residential buildings with over 161,000 square meters under construction.

End of Corporate News

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19.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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153329 19.01.2012