Join forces, sign a contract on the cloud! The mixed reform project of Egypt TEDA Integrated Service Company was successfully implemented.

Join forces, sign a contract on the cloud! The mixed reform project of Egypt TEDA Integrated Service Company was successfully implemented.
Although during the epidemic prevention and control period, it took only 2 months from listing to delisting to delivery. After 188 rounds of fierce competition, Junhao Group finally successfully delisted at a price double the initial price, with a premium rate of 104 per cent.

On the afternoon of July 10, Tianjin TEDA Investment Holdings Co., Ltd. (hereinafter referred to as "TEDA Holdings") and Junhao Real Estate Management (Group) Co., Ltd. (hereinafter referred to as "Junhao Group") held the signing ceremony of the property rights transaction contract of Egypt TEDA Integrated Service Company (hereinafter referred to as "Service Company") through remote video, it marks that the mixed reform of competitive enterprises belonging to Teda Holdings has achieved "win-win" in the special period of epidemic prevention and control ".

The service company's mixed reform project was publicly listed on the Tianjin Property Rights Trading Center on April 30, 2020, and it took only 2 months from listing to delisting to delivery. The 80% equity transferred by TEDA Holdings was solicited from two intended investors. After 188 rounds of fierce competition, Junhao Group finally successfully delisted at twice the initial price, with a premium rate of 104 per cent.

In the critical period when the epidemic prevention and control continues to improve and the order of production and life is accelerated, the strong cooperation between TEDA Holdings and Junhao Group is of great significance for giving full play to their respective advantages, stimulating the vitality of institutional mechanisms and promoting the high-quality development of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (hereinafter referred to as the "TEDA Cooperation Zone").

Cao Qun, general manager of TEDA Holdings, said in his speech that in recent years, TEDA Holdings has made every effort to promote the mixed reform of its competitive enterprises in accordance with the requirements of "conducive to maintaining the value of state-owned capital, improving the competitiveness of the state-owned economy, and improving the efficiency of state-owned capital". Process, fully release the potential of state-owned enterprises, and achieved outstanding results. The successful hand-in-hand and strong alliance with Junhao Group, a leading enterprise in the property sector, will inject new momentum into the high-quality development of state-owned assets. He said that the service company after the completion of the mixed reform will be upgraded to a more professional park and real estate management company, making full use of TEDA's experience in park development and construction and Junhao Group's experience in real estate management to promote the future of the TEDA cooperation zone. The implementation of the strategy will further promote the industrial agglomeration and upgrading of the TEDA Cooperation Zone, and enhance the comprehensive competitiveness and service quality of the TEDA Cooperation Zone. The successful experience of TEDA cooperation zone will provide a strong endorsement for both sides along the "Belt and Road" layout and overseas business expansion.

Yu Qingxin, chairman of Junhao Group, said that the cooperation with TEDA Holdings is not only a strong combination of real estate management integrated services and park development and operation, but also complementary advantages. As an integrated service provider of real estate management, Junhao Group will use its core advantages to promote the TEDA Cooperation Zone to achieve the phased goal of attracting, retaining and high efficiency. At the same time, we hope to take this cooperation as an opportunity and give full play to the advantages of both sides to lay a solid foundation for the group's strategic layout along the "Belt and Road Initiative", so that it can deeply participate in the construction of "Belt and Road Initiative.

At the ceremony, Wang Yuexin, deputy general manager of TEDA Holdings, and Yu Qingxin, chairman of Junhao Group, signed the contract on behalf of both parties. Tang Mingliang, Manager of TEDA Holding Regional Development Department, Sun Jing, Deputy Manager of Asset Management Department, Wei Jianqing, Deputy General Manager of China-Africa TEDA Investment Co., Ltd., Li Daixin, Assistant General Manager Li Chentao, Executive Director of Junhao Real Estate Hu Jing, Deputy General Manager Wu Fang and relevant section leaders attended the signing ceremony.

The implementation of the mixed reform project of the service company is an effective exploration for TEDA Holdings to deepen the reform of state-owned enterprises and implement the mixed reform of equity, as well as a powerful measure to enhance the development capacity of TEDA cooperation zone and maintain the preservation and appreciation of state-owned assets. Since the launch of the project, centering on the working purpose of "solving the remaining problems, introducing private mechanisms, implementing strong alliances, and selecting opportunities for listing", under the premise of compliance with laws and regulations, we have sought the best meeting point of the interests of both companies and promoted the realization of in-depth cooperation, The purpose of win-win development.

The successful delisting of the mixed reform project of the service company fully shows the recognition of the investment value of Tianjin's state-owned enterprises and the recognition of the mixed reform of our city's state-owned enterprises by all parties in the market. it fully demonstrates the good expectations and firm confidence of the capital market for the economic and social development prospects of our city.