Boyuan is an ASX-listed property development company (ASX:BHL).
The Group’s existing operations are located in Jiaxing, Zhejiang Province, China, where the Group is focused on developing and operating a mixed-use commercial and residential property and is now focused on developing residential sites in NSW.
The company announced it had acquired a 65 per cent holding in Integer, which is an ASIC regulated managed fund provider, working with wholesale and retail investors throughout Australia and South East Asia.
Chief Executive Officer of Boyuan, Caden Wan, said the acquisition was part of the company’s strategy to pursue further growth opportunities in the Australian market.
“The recent initial public offering of Boyuan has provided an initial platform in the Australian market through the acquisition of key development sites in the Hunter Valley and in Sydney’s growth corridor at Austral and Marsden Park,” Mr Wan said in a statement.
“Through the acquisition of Integer, we will now have the opportunity to build on this platform and pursue additional growth opportunities by sourcing alternative capital flows from a range of investors.
“This is a logical extension of Boyuan’s strategy to harness complementary capital structures to build our presence in the local Australian market.”
Integer Securities Chief Executive Officer, Adam Huxley, said the partnership with Boyuan would bring a new range of potential investment opportunities for the firm’s clients.
“We’re excited to work with Boyuan in providing current and prospective clients with property development investment opportunities through the Integer managed funds structure,” he said.
