129788454878437500_139Oct 2.23 billion injection of Shanghai Creek Bay project
On April 13, Oct (Asia) announced yesterday (April 12) approval of the extraordinary general meeting through indirect wholly-owned subsidiary of GreatTec Investment Company Limited ("GreatTec") and the overseas Chinese town real estate
tera power leveling, make capital investment agreements. GreatTec to the Chinese city of Shanghai land,Invested $ 2.23 billion yuan, about 2.756 billion Hong Kong dollars.
After the deal is completed, Oct (Asia) will indirectly held equity interest in 50.5% land Shanghai, Oct. Data show that Oct Shanghai landmark, founded in 2010, mainly in Shanghai on the plots of residential
tera power leveling, Office
tera gold, commercial, cultural and entertainment projects development, sales and leasingAnd property management, as well as supporting the car park management.
Shanghai Creek Bay project, is being developed, and is located in the North Bank of Suzhou, Shanghai 764,000 square feet of total site area of about three blocks. Creek Bay project is located in the center of Shanghai, total site area of about 70979.6 square meters, planning a total construction area of about 282,000 square (ground) and about 147,000 square metres (underground).
On April 11, Oct (Asia), CEO and Executive Director of Chaimey, Shanghai Creek Bay project will begin initial sales in the fourth quarter, mainly the sale of serviced apartments. Chaimey also said that the Shanghai Creek Bay project has its unique character, and projects located in high quality lots, depending on market conditions fight for reasonable price. And said,To have confidence in sales in the fourth quarter, expect Shanghai Creek Bay project development through 2016.
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