Xi Yang Overseas Limited (the "Issuer"), Nanjing Yangzi State-owned Assets Investment Group Co., Ltd (南京揚子國資投資集團有限責任公司) (the "Guarantor") and the Guarantor's other subsidiaries (collectively, the "Group") are the sole platform of the Nanjing City Government that focuses on infrastructure development and provision of public utility services in the Nanjing Jiangbei New District. The Group is also the largest investment and financing platform of the Nanjing City Government, in terms of total assets as at 31 December 2018. As an enterprise wholly owned by the Nanjing City Government, the Guarantor has been mandated by the Nanjing City Government on an exclusive basis to implement the PRC Government's and the Nanjing City Government's plans to develop the Nanjing Jiangbei New District, which is one of the 13 key state-level new districts in China and the only state-level new district in Jiangsu Province which was set up by the State Council in June 2015 as part of the implementation of its "Yangtze River Economic Belt Development Plan" released in September 2014. Over the years, the Group has established a strong track record of infrastructure and social housing construction and primary land development in the Nanjing Jiangbei New District, and develops into a key force to enhance the commercial attractiveness and competitiveness of the Nanjing Jiangbei New District by exploring and integrating social wellness, natural scenery, historical preservation and industry resources.
updated 28th May, 2019
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