Dec 20, 2011
Press Release

Ying Li Secures RMB700 Million Four Year Syndicated Loan from Standard Chartered Bank and Overseas-Chinese Banking Corporation

• Proceeds from financing will be utilized for the development of Ying Li International Plaza project (also known as Da Ping project)

Singapore Exchange (SGX) Mainboard listed Ying Li International Real Estate Limited (“Ying Li” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce today it has secured a RMB700 million four year syndicated loan , which bears an annual interest rate of 1.22x prime PBOC rate (the “loan”), for the development of Ying Li International Plaza project from Standard Chartered Bank (China) Limited and Overseas-Chinese Banking Corporation Limited

Commenting on the loan secured, Mr. Fang Ming, Chairman and CEO of Ying Li, said: “We are glad to have obtained the loan despite the uncertain global market conditions and regulatory tightening policies by the PRC central government. Our strong fundamentals together with an excellent track record provide us the ability to obtain this loan, it also serves as a testament of confidence we receive from the banking community. Going forward, we will leverage on our expertise to pursue our growth strategy and strengthen our leadership position as the largest commercial property developer in the core CBDs of Chongqing.”

Artist Impression: Ying Li International Plaza


Ying Li International Plaza Construction Progress