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Stock impact report

Xinyuan Announces Cooperation with Sino-Ocean Group on Zhengzhou Projects

Xinyuan Real Estate Co Ltd American Depositary Shares (XIN) 
US:NYSE Investor Relations: ir.xyre.com
Company Research Source: PR Newswire
BEIJING, March 18, 2021 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced the partnership with Sino-Ocean Group on lately acquired land parcel in Zhengzhou, China, marking a first step of cooperation between two enterprises.  Mr. Zhang Yong, Chairman of Xinyuan Group: "In February 2021, Xinyuan and Sino-Ocean Group formed a comprehensive strategic cooperation in high quality residential/commercial development, property management and other innovative businesses in finance and real estate area. Initiating this Zhengzhou project marks significant progress and gets our cooperation off to a promising start."The parcel is located at the intersection of Daxue Road and South Fourth Ring Road, Erqi District, Zhengzhou, covering an area of approximately 47,000 square meters with maximum plot ratio of 2.9.  As one of the core l Show less Read more
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