Weifang (PR China), 06 January 2014
Euro Asia Premier Real Estate Co. Ltd. is pleased to announce the establishment of Qingdao Huawei Win Win Industrial Co. Ltd ” WWJV”, a Sino-Foreign Joint Venture in Qingdao/Shandong, Peoples’ Republic of China.
Establishment of the new JV is part of the re-organization of Euro Asia. WWJV will have an initial capital injection of USD 5 million, and will be funded from the Company’s internal cash flow.
WWJV will carry on business in the CBD of Qingdao City under the jurisdiction the South City District.
Patrick Chan, CEO and Chairman of Euro Asia, stated, “We are extremely excited about our new prospects in Qingdao and in Shandong. We enjoy a great relationship with the local authorities, and we look forward to becoming a long-term and major presence in Qingdao.”
Schwarz Financial Communication
Tel: +49 611 1745 398 11
About Euro Asia
Euro Asia is a BVI registered company, active in real estate development in the Shandong area of the People’s Republic of China. The Company operates locally through its subsidiaries, jointly owned with SNI, a leading local development company. Generating leasing revenues from a number of commercial properties, the Company has a number of other projects under development. By utilizing its strong local network to banks, political decision makers, land owners and other developers, the Company intends to grow its position in the region prior to moving into other prefecture-level cities.