SY Holdings Acquires Land Plot for its Regional Headquarters in Wuxi and Plans to Setup Technology R&D and Investment Center

  2022-01-30

On January 30, SY Holdings Group Limited (“SY Holdings” or the “Company”, stock code: 6069.HK) announced that the Company made a successful bid for the land lot No. XDG-2021-97 in Jiangsu Wuxi Economic Development Zone, with a total buildable area of 8,692 square meters. The Company plans to use the land lot to build its East China Regional Headquarters, which will also house its R&D and investment center. This will help SY Holdings strengthen its foothold in the Internet of Things (“IoT”) sector and create a new regional landmark for Wuxi.

 

As an industry-focused supply chain fintech platform, SY Holdings is a constituent of the MSCI Small Cap China Index, Hang Seng Composite Index and Shenzhen-Hong Kong Stock Connect. Its notable institutional investors include Temasek Holdings, China Taiping Insurance, Olympus Capital and Wuxi Communications Industry Group. By leveraging its industrial technology and digital finance capabilities, SY Holdings strives to create a supply chain fintech platform, and offer a one-stop supply chain SaaS and digital finance solution to enterprises and financial institutions.


 

The planned East China Regional Headquarters will be located in the heart of the financial and business area in Wuxi City, adjacent to the municipal government building and overlooking the Taihu Lake and Shangxian Lake Wetland Park. It has access to top-notch commercial resources and natural scenery to create a facility that symbolize industrial technology and innovation as well as an eco-friendly and green lifestyle.

 

Known as the “City of IoT” in China, Wuxi is world-renowned for its industrial technology innovation. As a development partner of Wuxi City, SY Holdings’ strategies and ideas of innovation, technology, and industry have always been in line with Wuxi’s strategic development since its entry into Wuxi, making the partnership mutually beneficial for the Company and the development of Wuxi’s IoT industry. Once completed, the East China Regional Headquarters will fully utilize SY Holdings’ advantages in human capital and business resources. Leveraging Wuxi’s focal position in the industrial technology cluster, the headquarters will further boost the core competitiveness of Wuxi's IoT industry and promote the development of Wuxi's innovative industry.