China International

It should... judging fm accumulation today. Be patient

Oceangrace wrote: It should... judging fm accumulation today. Be patient

Oceangrace, slow but steady accumulation. i have not bought enough yet!

Looking to top up more tomorrow.

High chance of breaking out at 0.06 today.

Few key points on the acquisition of the ppty in Yichang city:

1) Current population of Yichang City is 4.08m and it is expected to grow to 5.38m in 2030 (stat: www.stats-yichang.gov.cn ). Local gov intends to build it into a tourism, business and convention service ctr in PRC.

2) The project has an area of 777,770 sqm, for commercial and residential dev. It would include a convention ctr and hotel.

3) China Intl alreay paid $24m as downpayment. The other $65m will be settled thru internal funding plus loan. There is no need to issue shares or raise fund by china intl.

4) Controlling shareholders of China Intl agree not to sell any share within 6 months after this major acquisition. This imply that they are confident of this major acquisition.

Other than the above, China Intl has two other ppty projects:

1) Subsidised housing project in Beijing. Size: 110,000 sqm. In this project, China Intl also provide project financing with amt RMB90 million @ interest 6.15% to the local gov agency.

2) Tianjin Ppty Project [Land: 121,778 sqm - bought at RMB 200 m in 2010]. Currently at engineering design and construction contract solicitation. Construction to start in late 2013. Land/ppty price at Tianjin has gone up by few folds over last 3 yrs and this project is expected to bring in good rev/profit over next 3 - 4 yrs.


Interesting besides the gold mine & Oil & Gas assets, China Int als owns a water treatment plant in Tianjin....

Cheers!

Next target 0.65?