Business Daily Media

Men's Weekly

.

Chanhigh and Qingzhou Municipal Government Sign Investment and Development Agreement

  • Written by ACN Newswire
Friday, 29 June 2018, 18:25 HKT/SGT
Chanhigh and Qingzhou Municipal Government Sign Investment and Development Agreement     
Source: Chanhigh Holdings Limited[1]
Jointly Develop Chanhigh Naoshan High-Tech Industrial Park; Enhances Market Penetration HONG KONG, June 29, 2018 - (ACN Newswire) - Chanhigh Holdings Limited ("Chanhigh" or the "Group"; stock code: 2017) today signed an investment and development agreement ("the Agreement") with the People's Government of Qingzhou City, Shandong Province ("Qingzhou Municipal Government") to jointly develop the Chanhigh Naoshan High-Tech Industrial Park.

Pursuant to the Agreement, the Qingzhou Municipal Government will provide a piece of industrial land of approximately 2,001,000 square meters at a unit price of no more than RMB120 per square meter in the Naoshan Economic Development Zone in Qingzhou City for developing the Chanhigh Naoshan High-Tech Industrial Park (the "Park"). The Group will be responsible for investment, development, operation and promotion of the Park. The first phase of the Park will be on a site of no less than 600,300 square meters. In addition, the Group is required to bring into the Park at least one headquarters project before the end of 2018 and also attract a minimum of five enterprises to set up operations in the Park within three years. As for the Qingzhou Municipal Government, it shall retain part of the tax enterprises in the Park are to pay in the first five years and the full amount will be granted to the Group.

As an industry leading integrated construction enterprise, the Group has been active in pushing for market penetration drawing on its unique experiences and qualifications. The Agreement will enable the Group to strengthen strategic cooperation with the Qingzhou Municipal Government, expand business coverage and reinforce its core competitiveness. Furthermore, the development and operation of Chanhigh Naoshan High-Tech Industrial Park will also present synergies and new development opportunities to the Group and see it improve overall business performance in the long run.

Topic: Press release summarySectors: Daily Finance, Daily News[2][3] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ Chanhigh Holdings Limited (www.chanhigh.com.hk)
  2. ^ Daily Finance (www.acnnewswire.com)
  3. ^ Daily News (www.acnnewswire.com)

Read more http://www.acnnewswire.com/press-release/english/44465/

Minns Labor Government shutting down the Business Connect program

The NSW Opposition is concerned that the Labor government will shut down a support program that has assisted New South Wales businesses. In a media ...

Samsara Eco appoints Dr. Lars Kissau as General Manager for Asia

Australian biotech innovator Samsara Eco has announced the appointment of Dr Lars Kissau as its first General Manager of Asia. Based in Singapore...

From the first bounce to the final siren - small business lessons from the AFL Grand Final

The AFL Grand Final is one of the most anticipated days on the sporting calendar. This Saturday, the Geelong Cats and Brisbane Lions will battle i...

Australia’s top finance leaders recognised as CFO role expands

Amid surging regulatory demands and rapidly evolving industry, Australia’s most influential Chief Financial Officers will be honoured at the inaug...

Why outdated security leaves small businesses exposed to crime

Small and medium businesses in Australia are under increasing pressure to address security gaps that criminals readily exploit. An unlocked door, an...

Why it’s time telcos rethink location and put customer experience first

Maurice Zicman, Vice President - CX Strategy at TP in Australia unpacks why the telco industry must rethink old assumptions and focus on digital-f...