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Aoyuan Officially Changes Its Name to “China Aoyuan Group Limited” Strengthens “One Core Business with Vertical Development” Strategy
 Date:2018-11-29

(29 November 2018 - Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883) has announced that the Company has officially changed its name to “China Aoyuan Group Limited”, better reflecting its long-term business strategy.

 

Aoyuan management commented, “Aoyuan has achieved breakthroughs and sustainable developments in recent years while continuously improving comprehensive strength. In the first ten months of 2018, we have maintained strong growth momentum as contracted sales soared by 125% year-on-year to RMB67.5 billion, accomplishing 93% of our full-year target of RMB73.0 billion. Aoyuan has extended its business deployment in advance and currently covers business segments including property development, commercial operation, property management, health and medical beauty, cultural tourism and cross-border e-commerce. With its expanding scale, Aoyuan has formed a business strategy of ‘one core business with vertical development’. With a new corporate image, Aoyuan will bring better returns to its shareholders and investors”.

 

For more details, please refer to HKEX’s website:

29 November 2018: Change of Company Name