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Monday, 25 April 2016, 16:48 HKT/SGT
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Source: China Everbright Ltd
China Everbright Ltd. and Friedmann Pacific Jointly Acquires Tirana International Airport

HONG KONG, Apr 25, 2016 - (ACN Newswire) - China Everbright Limited ("CEL", stock code: 165.HK) is pleased to announce that Keen Dynamics Limited ("KDL"), its joint venture with Friedmann Pacific Asset Management Limited ("Friedmann Pacific") which focuses on global airport investments, has signed an agreement to acquire Tirana International Airport SHPK ("TIA"), the concessionary developer and operator of the capital airport of Albania. Upon closing of the deal, KDL will take over Tirana's airport concession until 2025 (with 2 years extension to 2027, pending for Albanian government's approval).

Tirana International Airport is Albania's most important transport hub, and is one of the fastest growing airports in Europe. Number of passengers increased from 600,000 in 2005 to 2 million in 2015. The airport in itself is testimony to Albania's rapid economic development.

Chen Shuang, CEO of CEL said, "CEL is in the process of establishing its China Everbright Overseas Infrastructure Fund ("COIF") which eyes on global infrastructure opportunities, and the acquisition of the Tirana International Airport signs the first move. Upon completion of the deal, KDL, a controlled platform of COIF will take complete charge of TIA. CEL and Friedmann Pacific possess long-term business partnership since their collaboration in the investment of China Aircraft Leasing Group Holdings Limited. The joint investment this time brings together the financial resources and networks from CEL, together with the expertise in sourcing overseas airports from Friedmann Pacific, which results in a great synergy. Also, we believe that acquisition of the quality asset will create stable cash flow and good investment return to the company and its shareholders."

China is currently Albania's third largest trading partner. Chinese Premier Li Keqiang and Albanian Prime Minister Edi Rama have pledged to enhance infrastructure cooperation of the two countries at the fourth leaders' meeting between China and Central and Eastern European countries ("China-CEE Leaders' Meeting") held in November 2015. China supports domestic companies in actively participating in Albania's economic development while Albania is keen to expand cooperation in agricultural trade and tourism and plans to streamline visa access for Chinese people. The TIA acquisition is also part of the corporate strategy to identify good infrastructure investment opportunities, which is in line with China's Belt and Road Initiative.

About China Everbright Limited

China Everbright Limited ("CEL", stock code: 165.HK) was established at Hong Kong in 1997, CEL persistently pursues its "Macro Asset Management" strategy, with specific focuses on cross-border asset management and investment business. Over the past years, CEL manages series of private equity funds, venture capital funds, sector focus funds, mezzanine funds, hedge funds and principal investment as operated via an international management platform, and provides overseas investors with opportunities to explore and invest in companies with fast growing potential in Mainland China. On the other hand, CEL also seeks investment opportunities from overseas and provides diversified financial services for its clients in Mainland China. As of 31 December 2015, CEL's total fundraising scale reached over HK$49 billion, with a total of 31 funds.

China Everbright Limited, being a member of China Everbright Group, is the second largest shareholder of Everbright Securities (stock code: 601788.SH), a strategic shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK), the single largest shareholder of the Hong Kong-listed China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK) and the second largest shareholder of the Singapore-listed Ying Li International Real Estate Limited (stock code: 5DM. SGX).

After the launch of "Shanghai-Hong Kong Stock Connect" on 10 April 2014, CEL becomes one of the first batch of specific stocks listed on The Stock Exchange of Hong Kong which can be directly traded by Mainland investors.

Through upholding the philosophy of "Making Wealth Simple", CEL leverages on its own substantial financial strength, as well as the position and influence of China Everbright Group and its affiliated companies in the financial industry in China, and has successfully built huge cross-border social and business networks in Hong Kong and the Mainland, and established a reputable image in the market.

For more information, please visit www.everbright165.com.

About Friedmann Pacific Asset Management Limited

Established in 2000, Friedmann Pacific Asset Management Limited ("Friedmann Pacific") is a Hong Kong-based investment firm specializing in aviation and airport-related projects in China and around the world. It aims at driving capital flow across borders and building connectivity between the regional, national and global economies.

In 2006, Friedmann Pacific founded China Aircraft Leasing Group Holdings Limited, China's first independent operating lessor. CALC was the recipient of Global Transport Finance's "Aircraft Lessor of the Year - 2015", establishing its position as a major player in the global aviation finance sector.

Friedmann Pacific is a first-mover of overseas airport investment. In 2015, it teamed up with Shandong High-Speed Group Co., Ltd. to acquire a 49.99% stake of Toulouse-Blagnac Airport ("ATB"), the largest airport in southwestern France. The transaction was the first airport privatization project in France, which also marked the first ever overseas airport acquisition by a Chinese consortium. It has been voted "Deal of the Year 2015" at the audience poll at Global Airport Development Conference ("GAD") 2015, the world's leading airport development & finance event.

For more information, please visit www.fpam.com.hk.

For enquiries, please contact:
Golin
Jackie Cheung
Tel: +852 2501 7901
Email: [email protected]

Annie Leung
Tel: +852 2501 7918
Email: [email protected]


Apr 25, 2016 16:48 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
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