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OCT (Asia) Acquires Commercial Development Project Deepens Southwest China Footprint

(March 7, 2016, Hong Kong) Overseas Chinese Town (Asia) Holdings Limited (“OCT (Asia),” the “Company,” together with its subsidiaries (the “Group,” HKSE stock code: 3366.HK) is pleased to announce Chengdu OCT Chuang Ying Enterprise Management Co., Ltd.

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Overseas Chinese Town (Asia) Holdings Limited

 

Overseas Chinese Town (Asia) Holdings Limited (hereinafter referred to as OCT (Asia)) was listed on the Main Board of the Stock Exchange of Hong Kong Limited on November 2, 2005, with the Stock Code 3366.HK. Its predecessor was Huali Holdings (Group) Limited.OCT (Asia)  has 30-year experience in paper packaging business. Since 2007, OCT (Asia) has undergone strategic restructuring, striving to become an outstanding developer and operator of comprehensive development zone.

 

As the only overseas listed company of the OCT Group, OCT (Asia) undertakes the mission of the parent company and endeavors to develop and sustain its comprehensive development zone. Since 2007, OCT (Asia) has received assets injection from the parent company as follows Chengdu OCT, Xi’an OCT and Shanghai Suhewan, and has acquired Beijing Unique Garden and Chongqing Real Estate projects with the support of the parent company.

 

Huali companies under OCT (Asia) design and manufacture high-quality corrugated paperboards, cartons, and color boxes, and provide integrated packaging solutions. Shenzhen Huali, the first subsidiary of OCT (Asia), was set up in 1985, after which Shanghai Huali, Zhongshan Huali, Anhui Huali, Huizhou Huali and Suzhou Huali were established successively. Gradually, a strategic national layout has taken shape with a customer network covering important regions including the Pearl River Delta and Yangtze River Delta. Over the past three decades, Huali companies have seen steady growth of sales and profit. Now Huali companies have secured a good reputation and a solid position in the market.

 

In the future, with the support of the parent group to strengthen its business, OCT (Asia) will ride on the branding, resources and experiences of the parent company in the comprehensive development sector, and will increase its quality land resources in first-and-second tier cities in China. it will continue to optimize its paper packaging business and actively seek new development plans in paper packaging business, It will also proactively create new profit model, increase its market influences, and strive for satisfactory investment return to its shareholders