Merry Garden Holdings Limited
Merry Garden develops timber villa hotel in Fujian
[Immediate Release] Pursuant to the Agreement, the parties agree to leverage the tourism resources to facilitate the stable development of tourism in Liancheng County, so as to boost the brand awareness of “Refreshing Fujian”. The parties will collaborate to develop Liancheng County into a well-established town with a nationally well-known touristy destination which features sight-seeing, leisure and healthcare. The parties will establish a joint venture company with a total investment amount of RMB200 million in Liancheng County. The total investment amount includes the RMB100 million registered capital of the joint venture company dedicated for the project. The Group will hold 40% equity interest of of the joint venture company and will be mainly responsible for the construction works. Liancheng County is located at Longyan Municipal, Fujian Province, the PRC. It is a famous town of Hakka culture in China, as well as the key development area of the Fujian western coast economic zone. The Liancheng County has been awarded ”Outstanding Tourism County in China”, ”Town of Hot Spring in China” and ”The Famous Town for Chinese Hakka Delicacies”. The Liancheng County possess rich tourism resources, with three national 4As tourist attractions, of which the Guanzhai Mountain Scenic Area was named the National Geological Park, National Natural Heritage and National Scenic Area. Mr. Wu Zheyan, the Chairman and Chief Executive Officer of Merry Garden said, ‘The parties of the cooperation enjoy outstanding statuses in their respect aspect. Liancheng County being a renounced Hakka-culture city enjoys an prviledged reputation nationwide. Merry Garden with its advanced wood processing technologies, provide one-stop services for home building materials, leisure furniture and tourist facilities. The project allows the Company to more closely capture the trend driven by the flourishing development of the Chinese tourism, and solidify its leading positions in both of the leisure tourist facility developer and wood processing industry in China. We shall continue to implement Merry Garden’s motto – “to align with the trend of the Chinese tourism and leisure market and to capture the opportunity arisen from the recovery of the United States”, and strive to enlarge its growth catalyst, with a view towards greater returns for the shareholders.” About Merry Garden Holdings Limited (Stock code:1237.HK) Mission of the Company: To build ecological and environmentally-friendly leisure lifestyle for the customers. -End- Issued by Financial PR (HK) Limited
End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=JQTKVILYKE Document title: Merry Garden develops timber villa hotel in Fujian Key word(s): Miscellaneous 13/07/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
377583 13/07/2015 UTC+8 |