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/

The Future of Wealth Technology

“You shouldn’t need a large account balance to experience real-time investing. Technology should make that kind of access universal.” For decades...

Thryv wins national accolade at 2025 Australian Service Excellence Awards

  Thryv® (NASDAQ: THRY), Australia’s provider of the leading small business marketing and sales software platform, announced that Greg Nicolle, G...

pay.com.au unveils first-of-its-kind FX rewards feature, becoming the most flexible rewards solution for Aussie businesses

pay.com.au, the end-to-end payments and rewards platform, today announced the launch of International Payments, Australia’s first foreign exchange...

Yellow Canary partners with Celery to bring pre-payroll assurance technology to Australia

Wage underpayment headlines continue to put pressure on employers of all sizes, revealing how costly payroll mistakes can be for small and medium bu...

Brennan Bolsters Leadership to Accelerate Next Growth Chapter

In a move to further embed cybersecurity at the heart of its business strategy and deliver sovereign secure-by-design solutions for its customers, A...

How to Be Investable: Insights from Richelle Nicols, CEO of Pollinatr

Richelle Nicols is the CEO of Pollinatr, a pioneering investment and business development program designed to support and accelerate the growth of s...