Sunday, January 23, 2011

Hang Lung Properties of Hong Kong optimistic about the future development of the Mainland will invest over a hundred million

 BEIJING, Jan. 21
Xinhua News Agency reported, according to Hong Kong, Ronnie Chan, chairman of Hang Lung Properties, Hong Kong, 20, said, optimistic about the future development of the Mainland economy and the trend of the RMB, the Group within a year or two at least 100 billion invested in the Mainland ( HK, the same below) or more.

Ronnie Chan said after the day to attend a tea party in the long run, if the Chinese economy continues to improve, the currency is naturally strong, so optimistic about the trend of the RMB. Hang the next year or two will be at least 11 billion yuan investment in the mainland, at least the next few years should also invest 60 to 7,000,000,000 yuan, and that number is just the construction cost, without counting the cost of buying land.

Cheung for reports that China intends to spin-off investment properties, listed real estate trust fund, that Ronnie Chan, Hang Lung is no similar plan, the Group's share placement last year, has raised more than 10 billion yuan, with cash in hand, cash sale of units, the amount of material now available will be up to 500 billion, enough to support the business development needs.

Mid-West, the new disc for lower quality varies. (Cedar wood)

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