Recently Completed IPO Project (October)

Recently Completed IPO Project (October)
			www.bmi-appraisals.com

			10/2009

	Offices Hong Kong Beijing Shanghai Shenzhen Guangzhou Macau Melbourne Singapore Alliance Offices Taiwan Tokyo Osaka Nagoya Fukuoka New York Los Angeles New Jersey Miami Santiago Panama London	BMI Appraisals has provided professional valuation and consultancy services related to a recent initial public offering (IPO). The recently listed company is Powerlong Real Estate Holdings Limited. Powerlong Real Estate Holdings Limited (stock code: 1238), listed on the Main Board of Hong Kong Stock Exchange in October 2009, is a Chinese commercial property developer that focuses on building large multipurpose developments. The company concentrates on second- and third-tier cities in provinces such as Fujian, Jiangsu, Shandong, Henan and Anhui. These areas not only provide cheaper land than first-tier cities, such as Beijing and Shanghai, but a much steeper growth curve, as development catches up with the coastal areas. We would like to send Powerlong Real Estate Holdings Limited our heartiest congratulations and hope their businesses will reach new heights in the near future.