Xinyuan Real Estate Co., Ltd. reports developments tied to its role as a foreign private issuer and real estate developer operating primarily in China, with projects and assets in other countries. Company news has covered annual Form 20-F filings, operating and financial results, project deliveries, expense and debt-management measures, and updates involving large-scale residential and industrial real estate projects.
Xinyuan's business updates also reference its activity in tier one and tier two Chinese cities, New York real estate development, and Xinchuang Technology, its urban-operation technology platform for industrial park projects and enterprise services.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced the passing of Thomas Gurnee, Independent Director and Audit Committee Chairman, on August 18, 2020. Gurnee served on the Board since 2007 and was appointed Audit Committee Chair in 2015. His contributions to the company were acknowledged by Chairman Yong Zhang, who conveyed condolences to Gurnee's family. Following this, the Board implemented an emergency succession plan, appointing Yifan (Frank) Li as the new Audit Committee Chairman.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced the completion of an additional offering of RMB354.5 million in 12% senior notes due 2022. This offering follows an earlier issue of RMB160 million of the same series. The notes, listed on the Singapore Exchange, were priced at 100% plus accrued interest and are guaranteed by certain subsidiaries of Xinyuan. Proceeds will be used to refinance existing debts and for general corporate purposes. The offering is conducted under Regulation S and is not available in the U.S.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced a virtual investor day on June 30, 2020, at 9:00 AM ET. The event will include presentations and a Q&A session with management, featuring CFO Brian Chen and Investor Relations Director Charles Wang. Investors can submit questions and participate live through an online platform. Xinyuan primarily operates in China and has expanded into international markets, focusing on quality real estate development in major cities. For registration, visit the provided link.