(hereinafter referred to as "Horizon Construction and Development"), a subsidiary of Far East Horizon, completed a US$205 million strategic financing round with investors including XCMG Machinery, Zoomlion, High Tide Group, Zhongxin Rongchuang, Zhejiang Dingli, Lingong The investors include XCMG Machinery, Zoomlion Heavy Industry, High Tide Group, Zhongxin Rongchuang, Zhejiang Dingli, LGMG, Terex, and CBI.
 

 

As the first independent capitalized industrial platform under Far East Horizon, Horizon Construction and Development has successfully achieved strategic financing, marking substantial progress in its capitalization process.
 

The strategic investors have expressed that they chose to invest in Horizon Construction and Development because of the high frequency of each other's business philosophy and their expectation for future development, hoping to work together to create value.
 

Horizon Construction and Development continues to grow in asset size
Leading in its market segment

 

Horizon Construction and Development, as a leading integrated equipment operation service provider in China, is committed to providing multi-functional, multi-faceted and full-cycle integrated services to customers based on construction and construction equipment and materials.

 

Horizon Construction and Development has deployed more than 200 service outlets in more than 100 cities nationwide, creating a nationwide business operation network, customer service network, spare parts supply network and logistics and transportation network, which, together with the layout of multiple product lines and composite operation capabilities, continue to create value for customers.
 

Horizon Construction and Development Shanghai Jiading Base
 

By the end of 2020, the asset scale of Horizon Construction and Development has exceeded RMB 15 billion; the three main businesses of the company - new support system, new mold frame system and aerial work platform - are ranked the first in China in terms of ownership. The company's three main businesses - new support systems, new formwork systems and aerial work platforms - all rank first in China in terms of ownership.

 

At the same time, Horizon Construction and Development has been ranked 39th in the "2020 Global Top 100 Rental List" and 10th in the "Global Top 50 Aerial Work Platform Rental List" by KHL, an international authoritative construction machinery information provider.
 

 

 

 

As for partners, Horizon Construction and Development has reached long-term collection cooperation with central enterprises such as China Construction, China Railway, China Railway Construction, China Communications Construction, Sinopec and China Petroleum, state-owned enterprises such as Beijing Urban Construction and Shanghai Urban Construction, and listed enterprises such as Ali, Tencent, Jingdong and Shunfeng.
 

Horizon Construction and Development actively participates in the construction of national key projects such as the National Stadium, the Zhuhai-Hong Kong-Macao Bridge, and the Shanghai National Convention and Exhibition Center, and has served more than 40,000 customers in total.

 

What is worth mentioning is that Horizon Construction and Development also takes social responsibility in the face of national disasters, actively participates in flood rescue and epidemic protection, and works around the clock to build hospitals such as Leishenshan Hospital and Huoshenshan Hospital, gradually becoming an organic part of the national emergency mobilization system.
 

 

 

 

 

 

 

 

 

At present, the credit scale of Horizon Construction and Development has exceeded RMB 20 billion, and the unsecured credit has been raised to over 90%, which demonstrates the credit image of Horizon Construction and Development in the capital market.

 

After this strategic financing, Horizon Construction and Development will further solidify its development foundation based on equity capital, continue to focus on China's engineering construction field, combine its technology, market and scale advantages, comprehensively contribute to the upgrading of urban construction capabilities, innovate technology and services, and strive to create a new situation of high-quality development.

 

Firmly establish "Finance + Industry" strategy
Continuously increase value creation

 

Far East Horizon has never been able to operate the industry overnight, but with the spirit of hard work and entrepreneurship, Horizon Construction and Development has made it through ten years of exploration and sweat, and is now a force to be reckoned with in the domestic equipment operation field around the construction and urban operation direction.

--Far East Horizon Vice Chairman of the Board, Executive Director, CEO
Fanxing Kong

For more than a decade, Far East Horizon has been adhering to the development strategy of "Finance + Industry", evolving in the form of asset layout, operation method and development direction, and now the overall financial structure of the company has been optimized, with non-traditional business income reaching more than 30%. With the successful introduction of strategic investors into Horizon Construction and Development, the industrial operation has officially entered the harvesting period, which further proves the correctness and foresight of the company's strategy.

 

Future-oriented,Far East Horizon will adhere to the mission of "gathering global resources and helping Chinese industries", and aim to be a sustainable, effective and value-creating economic organization that creates value for all parties in the society by "shaping outstanding enterprises".