Shandong Tyan Home Co., Ltd
Shandong Tyan Home Co., Ltd., its former was Shandong Jinan Department Store (Group) Co., Ltd, which was listed in Shanghai Stock Exchange on January 3, 1994. At the end of 2006, the company was reorganized by Shandong Tyan Real Estate Development Group Co., Ltd successfully, renamed as Shandong Tyan Home Co., Ltd (stock abbreviation “Tyan stock”, stock code: 600807), and started a new chapter of its high speed development.
After years of development, the company has developed into a comprehensive company, which covers various fields such as real estate, mining, finance and venture capital. The company has grade I qualification of real estate development, and has registered capital of 884.63 million Yuan and total asset of over 5 billion Yuan. It has three subsidiaries: Zhangqiu Subsidiary, Dongying Subsidiary and Ruifuxiang Silk Shop; nine fully owned subsidiaries: Shandong Yong'an Real Estate Development Co., Ltd, Dongying Wanjia Real Estate Development Co., Ltd, Yantai Cunbao Real Estate Development Co., Ltd, Shandong Tyan Gold Mining Co., Ltd, Australia Minjar Gold Pty Ltd, Feimaile Technology Co., Ltd (Hong Kong), Boshen Financing Lease (Shanghai) Co., Ltd, Shandong Ruifuxiang Trade Co., Ltd, etc; seven holding subsidiary companies: Shenzhen Tianying Industries Co., Ltd, Shenzhen Tianying Jindechang Real Estate Co., Ltd, Jinan High-tech Zone Tyan Microcredit Co., Ltd, Shenzhen Tianying Innovative Investment Co., Ltd, Shandong Tyan Property Management Co., Ltd (grade I qualification of property), etc.
The company obtains real estate industry honors such as top 50 real estate development enterprises of Shandong Province, top 500 real estate development enterprises of China and real estate development enterprise comprehensive credit evaluation AAA enterprise of Jinan City, and comprehensive honors such as top 100 private enterprises of Shandong Province, inspection exemption unit of industrial and commercial enterprises of Shandong Province, model foreign economy and technology enterprise of Shandong Province, model foreign trade enterprise of Shandong Province, civilized unit, star of benevolence and helping the disabled and the most social responsibility brand of Jinan City, the best social responsibility prize of competitive power and credibility investigation of China list companies and listed company prize with outstanding contribution of Shandong Province.
After the development for many years, the company forms strategic pattern of “combination between industry and finance, driving by multiple wheels and diversified and coordinated development”. Strategic layout of “industry+fund” makes real estate, mining, finance and venture capital businesses of the company have mutual promotion and coordinated development, and improves profit level and competitive power of the company.
(I) Real estate section
The company is engaged in real estate for 17 years, owns excellent management team of real estate development, has real estate development projects that spread over various places such as Jinan, Weifang, Weihai, Dongying and Yantai and have total building area of over 3 million square meters, and provide office places to over 3,600 companies and good houses to 16,000 families.
Residential real estate projects developed by the company successfully include Jinan Tyan Cuiyuan, New Oriental Garden, Shengshi Huacheng, Zhangqiu Shengshi International, Weifang Central Lijing, Weihai Rushan General Coastal Garden, Dongying Tyan · Shengshi Longcheng, Tyan · Shengshi Haoting, Shengshi Lanting, Shengshi Huafu and Yantai Tyan ·Shengshi Jingyuan; commercial real estate projects include Shanda Road Chuangzhan Center, Jinan International Exhibition Center, Zhangqiu Xiushui · Ruyi International Shangdu, Yong’an Building, Tyan International and Tyan · Long’ao Tianjie. All of them obtain good economic and social benefits.
In the coming years, we will continue developing real estate markets of Shandong Province, and strengthen the efforts in developing big cities such as Beijing, Shenzhen and Shanghai. At present, several good real estate projects in Jinan, Shenzhen, Beijing and Shanghai are defined; the company also concerns tourism real estate, old-person real estate and education real estate, and signs “framework agreement on comprehensive development strategic cooperation of Liantaishan Area, Changqing District, Jinan City” with Changqing District, Jinan City, and the project has total floor area of 25 square kilometers.
(II) Mining section
In 2014, after approval by China Securities Regulatory Commission, the company implemented major asset restructuring, and purchased Australia Minjar Gold Pty Ltd. Minjar Gold Company, located in Western Australia, is mainly engaged in prospecting, mining and processing of gold source, has tenement with south-north span of about 120 kilometers and total mining area of over 1,400 square kilometers, owns and enjoys over 100 mining rights with right and interest, has ores with about 39.2 million tons that meet JORC standard, which have very high gold, silver and nonferrous metal source development potential. Purchase of Minjar Gold Company becomes powerful support on the road of diversified industries of Tyan Share.
In the middle of August 2016, our company successfully acquired Pajingo Goldmine project by bidding with the 52 million AUD consideration from the Australian second largest gold producer – Evolution Mining Limited (ASX: EVN). This is the largest gold acquisition in Australia recently and the trading volume took the top spot in August.
The Pajingo gold operation is located in Queensland, approximately 50 km south of Charters Towers which is 134km south-west of Townsville. It was discovered by Battle Mountain Gold Company in 1983 and first gold production commenced in 1986 from open pit mines.
Since its initial discovery, there has been various ownership changes of Pajingo with Minjar Gold acquiring the operation from Evolution Mining at the end of August 2016.
The Pajingo gold operation has produced more than 2.7 million ounces since 1996 and is forecast to produce between an average of 60,000oz and 65,000oz p.a from 2017-2019.
The Kirkalocka Gold project is located 130km east of the Golden Dragon Project and 55km south of Mount Magnet and comprises of package of tenements, 2 Mtpa processing plant and associated infrastructure. The project is currently in care and maintenance.
In the coming years, we will continue increasing development of oversea gold industry, realize quick expansion of output and production scale, improve profit ability continuously, and make great efforts in supporting performance growth of the company.
(III) Finance section
In December 2015, the company purchased Jinan High-tech Zone Tyan Microcredit Co., Ltd and Boshen Financial Leasing (Shanghai) Co., Ltd. At present, it holds 95% shares of Tyan Microcredit and 100% shares of Boshen Lease.
Tyan Share forms community finance Internet comprehensive service platform by purchasing Tyan Microcredit and Boshen Lease, enters finance field quickly, creates diversified and coordinated development platform that integrates real estate, mining and finance, optimizes assets and business structure of the listed company greatly, forms strategic layout with stable profit growth point and sustainable development capacity, and improves profit ability of the listed company.
(IV) Venture capital section
The company adapts change of macro-economy and venture capital policies actively, develops venture capital business, increases investment in primary market, equity, secondary market, debt and non-performing asset disposition direction, forms high elastic development mode of asset, and promotes value increase of the company’s assets. At present, it develops good projects, such as registered network and Qihoo 360, so diversified industry platform of Tyan Share is forming and enriching further.
At the same time, the company invests in industries with high growth by continuous adjustment and optimization of industry, realizes high value of industry by high growth, and creates abundant value return for the shareholders.
In the future, the company will continue insists on enterprise prospect of “caring the world and establishing long-history enterprise”, make great efforts in realizing value maximization, and create well-being for the employees, value for the customers, wealth for the shareholders and prosperity for the society. It uses capital market as platform, drives by multiple wheels, takes the road of diversified development, uses advanced concept to guide market tide and honesty to lay enterprise foundation, uses limitless enthusiasm and steadfast style, realizes beautiful ideal of “serving the public and repaying the society”, and writes a new chapter of the company’s development!