Yanlord Land Group

Property

Yanlord-Hongkong Land JV wins Tulip Garden en bloc sale with $907 mil bid

SINGAPORE (Apr 12): Asia Radiant, a joint venture entity between Yanlord Land Group and Hongkong Land Holdings’ MCL Land, has won the tender for the en bloc sale of Tulip Garden with a bid of $906.9 million.

Property

Yanlord partners consortium to acquire 2 Tianjin land parcels for $1.6 bil

SINGAPORE (Apr 9): Yanlord Land Group, through its wholly-owned subsidiary Nanjing Renyuan Investment, has acquired a 19.8% interest in Tianjin Hefa Property and 16.5% interest in Tianjin Lianzhan Property Development for RMB 7.55 billion ($1.57 billion).

M&A

Yanlord acquires Hainan company for $6.6 mil

SINGAPORE (Mar 15): Yanlord Land Group's subsidiary, Hainan Yanlord Luqiao Investment, has acquired a 100% stake in Hainan Jinzhong Industrial Development for RMB32 million ($6.6 million).

Yanlord chairman Zhong Sheng Jian buys shares in own company again

SINGAPORE (Mar 8): Zhong Sheng Jian, chairman and CEO of Yanlord Land Group, has bought shares in his company from the open market this past week, bringing his level of interest in the China-based developer to 68.67%, from 68.52% a week ago.

Results

Yanlord Land posts 23% drop in 4Q earnings to $248.9 mil on lower contribution from JV and associates

SINGAPORE (Mar 1): Yanlord Land Group announced fourth quarter earnings dropped 23% to RMB 1.19 billion ($248.9 million) in 4Q17 from RMB 1.55 billion in 4Q16.

Results

Yanlord Land reports 11.2% rise in 3Q earnings to $128 mil on higher margins

SINGAPORE (Nov 13): Yanlord Land Group, the developer focusing on developing high-end integrated property projects in high-growth China cities, reported 3Q earnings rose 11.2% to RMB627.5 million ($128.6 million) from RMB564.2 million a year ago.

In print this week

What is fuelling the rise in M&A activities lately?

SINGAPORE (Nov 10): At least one new deal has been announced every day over the last week, with the largest being COSCO Shipping International (Singapore)’s $488 million offer for logistics services provider Cogent Holdings on Nov 3.

Property

Yanlord Land acquires majority stake in Chengdu site for $66 mil

SINGAPORE (Nov 9): Real estate developer Yanlord Land Group has, through its wholly-owned subsidiary Yanlord Land (Chengdu) Co., acquired an 80% interest in Chongzhou Yanlord Land Co. for RMB 321 million ($65.9 million).

Marco Polo Marine proposes restructuring scheme to get out of troubled waters

SINGAPORE (Nov 9): Troubled offshore services provider Marco Polo Marine has signed conditional investment agreements to raise $60 million from nine investors as part of a restructuring exercise.

Investing strategies

Singapore family-owned firms deliver greatest share price returns in Asia Pacific ex-Japan: Credit Suisse

SINGAPORE (Oct 26): Singapore family-owned companies delivered the greatest relative returns in share price of 7% compared to non-family-owned companies in Asia Pacific ex-Japan, and higher than the regional average of 3%, says a Credit Suisse research.
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