September 20, 2014 12:10 PM ET

Energy Equipment and Services

Company Overview of Chiwayland International Limited

Company Overview

ChiwayLand Group (Singapore) Pte. Ltd. operates as an investment holding company and through its subsidiaries offers development of properties. The company was incorporated in 2011 and is based in Singapore.

371 Beach Road

No. 16-06 Keypoint

Singapore,  199597

Singapore

Founded in 2011

479 Employees

Phone:

65 6396 8118

Fax:

65 6396 8111

Key Executives for Chiwayland International Limited

Chiwayland International Limited does not have any Key Executives recorded.

Chiwayland International Limited Key Developments

Chiwayland International Limited Reports Group Revenue Results for the Second Quarter and Six Months Ended June 30, 2014

reported group revenue results for the second quarter and six months ended June 30, 2014. The company announced a 94% surge in revenue to RMB 732.1 million for the three months ended 30 June 2014. For the six months ended June 30, 2014, the company's revenue crossed the RMB 1.0 billion mark, with a 54% increase from first half 2013's RMB 649.0 million. The increase was mainly driven by higher gross floor area sold and recognized for two projects - Xuancheng Chiway Top Town and Suzhou Hetai Garden, which accounted for 96.2% and 93.2% of total revenue for second quarter 2014 and first half 2014, respectively.

Chiwayland International Limited Announces Change of Registered Office Address

Chiwayland International Limited announced that with effect from 27 August 2014, the address of the company's Registered Office had been changed to 6 Eu Tong Sen Street, #04-08 The Central, Singapore 059817.

Chiwayland International Limited Announces Joint Venture Agreement with Property Solutions Pty Ltd

Chiwayland International Limited announced that Chiwayland Group (Singapore) Pte. Ltd. had entered into a joint venture agreement "JV Agreement" with Property Solutions Services Pty. Ltd. "PS" to jointly undertake property development in Australia "Joint Venture". The Joint Venture is the Group's first foray in establishing a presence outside the People's Republic of China. The Board believes that by leveraging on the expertise and experience of PS in property development projects in Australia, the group will enhance its expertise in the development of properties and reduce development time and other associated market-entry costs when expanding into foreign jurisdictions. In addition, the Group believes that the Joint Venture will allow the Group to offer an attractive opportunity for the clients in China who wishes to purchase properties in Australia. Pursuant to the JV Agreement, each of Chiwayland and PS collectively, the "JV Partners" will hold 50% interest in a special purpose vehicle to be incorporated the "JV Co". The Group will be incorporating a new wholly-owned subsidiary in Australia for the purpose of holding its equity interests in the JV Co and to facilitate future expansion plans in Australia. Under the JV Agreement, the JV Partners have identified three (3) sites in Brisbane, Queensland, Australia which occupy an aggregate site area of approximately 5,500 square meters, to jointly develop into apartment units with commercial space the "Projects". The Projects have an aggregate gross floor area "GFA" of approximately 32,000 square meters and an aggregate saleable GFA of approximately 26,000 square meters.

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