New Century Asset Management Limited
Unit 4706, The Center, 99 Queen’s Road
Central, Hong Kong
Tel +852 2153 3588 Fax +852 3488 6403
PRESS RELEASE
New Century Real Estate Investment Trust
New Century Real Estate Investment Trust
was awarded Asia’s Best Company 2014
*****
(Hong Kong, 2 April, 2014) New Century Asset Management Limited (“the REIT Manager”) as
manager of New Century Real Estate Investment Trust (“New Century REIT”, stock code:
1275) is pleased to announce that New Century REIT is being rated the 7th best managed Chinese
company under the FinanceAsia’s Best Managed Companies – China Poll 2014.
The Poll is conducted annually and winners are independently nominated and rated by investors
and analysts across the region according to different criteria such as overall management,
corporate governance, investor relations, corporate social responsibilities, leadership, dividend
policy, etc.
New Century REIT has the smallest market capitalization and the shortest listing history among the
top-10 winners, which include China Telecom, Tencent, China Mobile, China State Construction
and China Overseas Land and Investment.
Mr Cheung Yat Ming, Chief Executive Officer of the REIT Manager said, “We are very pleased
with the award and would like to thank all the investors and analysts who have been supporting us
since our IPO in July 2013. The “China’s Best Managed Companies Poll 2014” by FinanceAsia
encourages us to keep on improving our management in order to provide more values to our
investors and stakeholders.”
As the world’s first China-based hotel real estate investment trust, New Century REIT listing on the
Main Board of The Stock Exchange of Hong Kong Limited was a milestone for the Chinese
hospitality industry as well as the Hong Kong REIT market. New Century REIT provides its
Unitholders with a unique opportunity to invest in a portfolio of pure hotel assets located in China
and to take advantage of the growing China tourism sector and hotel industry resulting from China’s
fast-growing economy and domestic consumption.
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New Century Real Estate Investment Trust was awarded Asia’s Best Company 2014
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New Century REIT has committed and reputable sponsors, namely the New Century Hotel Group
Limited and its subsidiaries as well as The Carlyle Group. New Century Hotel Group Limited is the
largest domestic, private-sector, star-rated hotel management group in China with about 140
star-rated hotels in operations or under development, while The Carlyle Group is a global
alternative asset manager with approximately US$189 billion of assets under management across
118 funds and 100 fund of funds vehicles as of 31 December 2013.
New Century REIT’s portfolio includes four 5-Star hotels, namely New Century Grand Hotel
Hangzhou (杭州開元名都大酒店), New Century Resort Qiandao Lake Hangzhou (杭州千島湖開元
度假村), New Century Grand Hotel Ningbo (寧波開元名都大酒店) and New Century Grand Hotel
Changchun (長春開元名都大酒店), and one 4-Star hotel, namely New Century Hotel Xiaoshan
Zhejiang (浙江開元蕭山賓館). The hotel properties are located in China with an aggregate of 2,021
rooms and more than 300,000 square meters in total gross floor area.
Disclaimer
The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or
invitation to purchase or subscribe for units in New Century REIT in Hong Kong or any other jurisdiction.
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Media and investor contacts
New Century Asset Management Limited
Eddie Hong
Investment and Investor Relations Manager
Telephone:
852-2153 3588
Fax:
852-3488 6403
Email:
eddie.hong@ncreit.com