(8 August 2014 – Hong Kong) LT Commercial Real Estate Limited (“LT Commercial” or the "Company") (Stock Code: 00112HK) is pleased to announce that the Company plans to issue further bonds to fund the accelerating development of the Company's commercial real estate projects. The decision comes after its earlier issue of up to HK$400 million worth of bonds on 29 July drew enthusiastic responses from the capital market. The further bond issue will enhance the Company’s financial strength and business expansion capability.
Mr. Yang Longfei, Chairman and Chief Executive Officer of LT Commercial said, “The Company aims to become the best commercial real estate operator in China. Owing to the positive responses to the earlier issue of up to HK$400 million worth of bonds and the needs for accelerating business development, the Company now plans to conduct another bond financing to fund the capital investment and development of new commercial property projects. Currently, the Company’s first flagship city complex – “Tangshan Lerthai City” is progressing smoothly. The presale of its residential apartments has been scheduled to start by the end of this year, and will help improve the Company’s financial performance.”
Since LT Commercial has developed its commercial real estate business under the professional leadership of Mr. Yang Longfei and the management team, the Company has been actively expanding its business and looking for good investment opportunities. Meanwhile, it has been enhancing its financial strength with various sources of financing. In addition to “Tangshan Lerthai City”, the Company has signed letters of intent with several local government authorities in Xingtai and Baoding, Hebei Province and Nanjing, Jiangsu Province in recent months to explore the potential for developing new commercial real estates.
Mr. Dixon Chan, Executive Director and Deputy Chief Executive Officer of LT Commercial said, “To further enhance the corporate financial strength and accelerate the progress of new projects, the Company will continue to fully utilize various sources of financing on the international capital market. Looking ahead, LT Commercial will continue to look for good investment opportunities in commercial real estate, including quality land and well-developed investment properties as sources of stable rental revenue. This will be able to generate greater returns to the shareholders.”