CapitaLand conferred Top 10 ASEAN Enterprises Entering China Award by China-ASEAN Business Council
CapitaLand’s President & Group CEO conferred individual award
Singapore, 7 January 2014– CapitaLand Limited was conferred the Top 10 ASEAN Enterprise Entering China Award by the China-ASEAN Business Council (CABC) in an awards ceremony held in Beijing, China today. It was also ranked Top 10 in the same awards last year.
In addition, Mr Lim Ming Yan, CapitaLand’s President & Group CEO, was conferred the Outstanding ASEAN Entrepreneurs Entering China Award by the CABC.
CABC consists of the China Council for the Promotion of International Trade, the ASEAN Chamber of Commerce and Industry, national business leaders, well-known enterprises and experts of members of ASEAN. The awards honour model ASEAN enterprises and business leaders who have achieved business success and contributed positively to the local Chinese communities they operate in.
The awards ceremony was graced by Mr Yu Ping, Vice Chairman of the China Council for the Promotion of International Trade; Mr Ge Zhirong, Counsellor of the State Council of China; and Mr Xu Ningning, Executive Director of the China-ASEAN Business Council.
The judging panel for the awards comprised the ASEAN Secretariat, the 10 ASEAN member countries’ embassies in China, Chinese embassies in the 10 ASEAN countries, as well as other Chinese authorities in consultation with the China Council for the Promotion of International Trade.
Candidates for the awards were assessed in four key areas – investment volume (trade volume) in China, rate of development in China, contribution to the economic development of the local community, and philanthropic efforts. All candidates were objectively and fairly appraised on their business performance and contribution to China.
Mr Lim Ming Yan, President & Group CEO, CapitaLand Limited, said: “We are honoured to be conferred the Top 10 ASEAN Enterprises Entering China Award. The award attests to CapitaLand’s commitment towards making a difference for the Chinese community through our quality real estate developments and community development efforts. China is one of CapitaLand’s core markets and we look forward to seeking opportunities towards its urbanisation and growth. In addition, I am humbled to receive the individual award – the Outstanding ASEAN Entrepreneurs Entering China Award.”
He added: “CapitaLand marks its 20th year in China this year. We are privileged to have played a part in China’s urbanisation. 2014 will be another exciting year for the Group as we focus our growth in five city clusters - Beijing/Tianjin, Shanghai/Hangzhou/Suzhou/Ningbo, Guangzhou/Shenzhen, Chengdu/Chongqing, and Wuhan - in China. The growing trend towards larger mixed-use developments in China is an opportunity for us to harness synergies across our competencies in shopping malls, offices, residential, serviced residences and fund management.”
In June 2013, CapitaLand’s wholly-owned business unit, CapitaLand China, acquired a 70% stake in a prime site in Hanzhonglu, Zhabei District, Shanghai. The site, located within Shanghai’s Inner Ring Road, sits strategically above an interchange station for three metro lines (lines 1, 12 and 13). It will be developed into a mixed-use development with a gross floor area of about 110,000 square metres comprising residential, office and retail components. The project will commence in 2015 and is expected to be completed by 2017.
CapitaLand China is also working closely with the Liwan District government for the Group’s first urban renewal project in Datansha Island, Guangzhou. The project has a land area of over three million square kilometres and will encompass residential and commercial properties
On the community front, CapitaLand organised the CapitaLand Building for Tomorrow International Volunteer Expedition for the 4•20 Sichuan Post-Earthquake Rebuilding Project in November 2013. Over 80 CapitaLand staff and community volunteers participated in home rebuilding efforts to help children and families affected by the 7.0- magnitude earthquake that rocked Lushan County, Sichuan Province in April 2013. The China branch of CapitaLand’s philanthropic arm, CapitaLand Hope Foundation (China), also partnered the China Foundation for Poverty Alleviation (CFPA) and donated S$735,000 (RMB 3.51 million) to establish a special fund for underprivileged children in China in September 2013. Over 100,000 children in China have benefitted from CapitaLand’s community development efforts in the country.
CapitaLand has been accorded the China Best Corporate Citizen Award by the China Committee of Corporate Citizenship and CCTV2 for six consecutive years since 2008. It has also received the “2011-2012 Excellent Corporate Citizen in Guangdong Real Estate Industry” by the Guangdong Association of Real Estate Industry while CapitaLand Hope Foundation’s education programme focusing on underprivileged children was selected as one of the “2013 Excellent CSR Cases of China and Foreign Corporations” compiled by the China Foundation of Poverty Alleviation and Tsinghua University’s Research Institute of Innovation and Social Responsibility.