Last Price Today's Change   Day's Range   Trading Volume
0.22   0.00 (0.00%)  0.00 - 0.00  0


Avg Volume (4 weeks):333
4 Weeks Range:0.17 - 0.22
4 Weeks Price Volatility (%):
52 Weeks Range:0.163 - 0.475
52 Weeks Price Volatility (%):
Average Price Target:-


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Business Background

The Company was incorporated in Bermuda on 4 December 2006. The Group is a property developer in Guangzhou, China. It is principally engaged in the development and sales of residential and commercial properties. It focuses on developing quality residential and commercial properties in Guangzhou and to attract affluent local professionals, executives, managers and businessmen as customers. To date, the Group has completed two property developments, namely Yuanbang Gardens and Yuanbang Aviation Homeland in January 2000 and June 2005 respectively with an aggregate estimated GFA of 151,841 sq m. The Group is currently developing Yuanbang Mingyue Gardens, with an estimated GFA of 65,527 sq m which it has commenced pre-sales for in January 2006. The Group expects to substantially complete the construction of the entire development by July 2007. In addition, it has acquired or entered into agreements to acquire land covering an aggregate land area of approximately 310,706 sq m in China which would yield an estimated GFA of 463,513 sq m in Guangzhou's Baiyun District, Liwan District and Huadu District for its future developments. As part of its plans to expand its business into other cities in the China, the Group has also entered into an agreement to jointly develop a parcel of land in Honggu Tan New District in Nanchang City.

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