China Minsheng Drawin Technology Signs MOU with Country Garden for Strategic Partnership
24 February, 2016, Hong Kong: China Minsheng Drawin Technology Group Limited ("CM Drawin Technology", "the Company" or "the Group"; Stock Code: 00726), is pleased to announce it has signed a MOU with Country Garden Holdings Company Limited ("Country Garden") for a strategic partnership on 22 February, 2016, forming a preliminary framework for joint operations in which the Company will provide industrialized construction services to Country Garden.
Mr. Su Baiyuan, Executive Director of Country Garden and Mr. Yin Jun, Executive Director and CEO of CM Drawin Technology, both attended the MOU signing ceremony. The partnership will begin with Country Garden's Forest City project ("Forest City" or "the Project") in Malaysia. Forest City, with a site area of approximately 14 million square meters, is located in Iskandar of Malaysia and is adjacent to Singapore. The Project revolves around a multi-layered three dimensional city planning concept, featuring lush vertical greenery covered with dense foliage and hanging gardens. Together with a city information management system, the Project will bring to life a smart and sustainable eco-city.
Mr. Yin Jun, Executive Director and CEO of CM Drawin Technology said, "We are very happy to collaborate with Country Garden, one of the biggest property developers in China. The partnership establishes a strong foundation for CM Drawin Technology's business to expand further in China and other overseas markets. As a company focusing on the modernization of the construction business, CM Drawin Technology will leverage on its leading BIM digital management and modernization systems to build the Project, with the aim of developing an environmentally friendly and high quality Forest City. In addition, the cooperation represents a positive response to China's "One Belt One Road" policy, given the project under collaboration is located in Malaysia, China's biggest trading partner in ASEAN. CM Drawin Technology will further expand out of China and present a brand new corporate image to the international market with its leading design, manufacturing and assembly technologies."
Mr. Yin added, "For the domestic market, with China State Council's release of "The Opinions and Guidelines on Further Strengthening the Urban Planning and Development Management" in February 2016, it's clear that the country will explore new construction approach and encourage assembly buildings, aiming to increase the proportion of assembly buildings up to 30% in total for newly constructed buildings within ten years. Benefited from the relevant country policy, CM Drawing Technology enjoys huge development potential. The Company will continue develop relevant research and development and sharpen its competitive edge, with aims to broaden revenue stream and enhance our market position, in order to provide good return to shareholders and clients."
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Corporate Profile
China Minsheng Drawin Technology Group Limited ("CM Drawin Technology", stock code: 00726) is a manufacturer in construction industrialization industry and a solution provider of advanced construction technology. Its businesses integrate the entire new construction industrial chain, including R&D, architectural design, production and on-site assembly of prefabricated materials and modules. In accordance with its parent company, China Minsheng Investment Corporation Limited's mission to follow the national strategy, it is the mission of CM Drawin Technology to promote the reform and modernization of the construction industry, with an aim to becoming China's most competitive player in the construction industry with focus on technological innovation and advancement.
CM Drawin Technology's top professional team processes R&D and execution capabilities in relation to construction industrialization technology in China. With reference to the construction industrialization technologies in other developed countries and taking into account China's standards and regulations, CM Drawin Technology has developed five leading construction industrialization systems with complete intellectual property rights, including architectural design technology, equipment manufacturing technology, on-site assembly technology, architectural information technology and new material technology.
For more information, please contact:
China Minsheng Drawin Technology Group Limited
Investor Relations and Corporate Communications Department
Email: ir@cmdrawin.com
Citigate Dewe Rogerson
Deborah Tsui/ Samuel Xiao
Email: deborah.tsui@citigate.com.hk ; samuel.xiao@citigate.com.hk
Tel: +852 3103 0123/+852 3103 0128
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