CNR Announces Groundbreaking Ceremony in Hengyang, Hunan Province on August 29, 2013
NEW YORK, NY--(Marketwired - Aug 30, 2013) - China Metro-Rural Holdings Limited (NYSE MKT: CNR) (the "Company") is pleased to announce attendance of groundbreaking ceremony of its latest project in Hengyang Province (the "Hengyang Project") invited by the Hengyang Government on August 29, 2013.
Prior to the groundbreaking ceremony, on August 28, 2013, the Secretary of Communist Party of China of Hunan Provincial Committee Mr. Xu Shousheng and the Governor of Hunan Province Mr. Du Jiahao have granted an interview with founding shareholders of the Company, the Chairman and CEO of the Company and senior management of the Hengyang Project company. Both Mr. Xu and Mr. Du have expressed that the Hengyang Project is highly important for the economic development of Hunan Province and the Hunan Government will provide all necessary supports for the development of the Hengyang Project.
The guests for the groundbreaking ceremony included Vice-Governor of Hunan Province, the Mayor of Communist Party of China of Hengyang Municipal Committee and the Mayor of Hengyang City. "With the assistance provided by the local government, we have already acquired approximately 2,000,000 square meters of land through auction for our development," Sam Sio stated, CEO and Chairman of the Company.
The planned site area of the Hengyang Project is approximately 2.7 million square meters with corresponding maximum gross floor area of approximately 7.5 million square meters. The Hengyang Project will include trading outlets and other supporting facilities such as exhibition centres, residential and commercial areas. The development duration is expected to take approximately 10 years for the entire project.
ABOUT CHINA METRO-RURAL HOLDINGS LIMITED
China Metro-Rural Holdings Limited is a leading agricultural logistics platform development and rural-urban migration redevelopment company in China.
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