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Management team of Sinarmas Land visit CORE

Date:Sep 22,2017

BEIJING- On September 20, Chairman Muktar Widjaja and CFO Ferdinand Sadeli of Sinarmas Land, a famous Indonesian real estate developer visited CCCG Overseas Real Estate (CORE). Ren Hongpeng, President of CORE, met the guests.

Muktar Widjaja briefed the related businesses and projects of Sinarmas Land and complimented CCCC’s global business strategic layout in infrastructure and in “one Belt and one Road” area, and conveyed the hope that both companies would seek cooperation opportunities in the near future.

Ren Hongpeng welcomed the team and introduced the development strategies and business pipeline of CCCG and CORE. He acknowledged that Sinarmas Land have carried out the international operations in Indonesia, China, Malaysia and Singapore and gained extensive experiences in real estate investment and asset management, and Sinarmas Land enjoys a high reputation in the industry. He emphasized that Indonesia is one of CORE’s long term core strategic market, CORE hope to seek more cooperation opportunities with Sinarmas Land in the field of the real estate and infrastructure investment and development in gateway cities, such as Jakarta and Surabaya.

Sinarmas Land is one of Sinarmas Group’s subsidiaries, it is listed on the Singapore Stock Exchange and one of the top 10 real estate developers in Indonesia. It has more than 45 years of experience in real estate market and has three listed subsidiaries on the Indonesian Stock Exchange with a combined market capitalization of USD 6 billion.

Feng Yu, Vice president and Chen Haipeng, General Manager of the Business development department attended the meeting.

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