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| Exploring Finance Business Opportunities as well as Promoting Hanzhong's Local Culture |
HONG KONG, Oct 20, 2015 - (ACN Newswire) - Chinlink International Holdings Limited ("Chinlink", HKSE:0997) and its subsidiaries (collectively the "Group") are pleased to announce that the Group has entered into a letter of intent with Hantai District People's Government of Hanzhong Municipality, Shaanxi Province, China ("Hanzhong Government") to co-develop the only Hanzhong based national Qinba Chinese herbal medicine trading base (the "Project") in "Chinlink.Worldport" Integrated Logistics Park ("Chinlink.Worldport"), which is located in Hanzhong Baohe Logistics Park, Shaanxi Province, China ("Baohe Logistics Park"). The Project will comprise services of trading, logistics, warehousing, research and development, processing as well as e-commerce, etc. The estimated gross investment amount of the Project will be RMB560 million.
 | | Chinlink Develops the Only Hanzhong Based National Qinba Chinese Herbal Medicine Trading Base with Hanzhong Government in Chinlink.Worldport |
The Hanzhong area has been known as the "Qinba Cornucopia" due to its humid weather, forest coverage rate of 58.18% and vegetation coverage rate of 60.0%. With abundant and high-quality natural resources, Hanzhong has become an important production base of Chinese herbal medicine in China, in which it has over 1,600 species of medicinal plants with ranked second across prefecture (city) level. More importantly, the agricultural area and production volume of eucommia, gastrodia elata, roots of aconitum carmichaeli, chuanxiong, cortex phellodendri and rhizoma corydalis in Hanzhong accounted for over 50% of the total production volume across China, reflecting its increasing influence in the Chinese herbal medicine market in China. Through this cooperation, Hanzhong's ample resources in Chinese herbal medicine will bring in new business opportunities to Chinlink.Worldport, meanwhile Chinlink can provide a fully functional business environment to promote the culture of traditional Hanzhong herbal medicine.
Chinlink.Worldport is located at the heart of Baohe Logistics Park covering an area of approximately 3,800 acres (approx. 2.53 million sq.m.). As the first, largest and most important project in Baohe Logistics Park, it provides six major functions, including commerce services, logistics informatisation, cold chain logistics, inter-mode transportation hub for road and rail transport, port function and financial services. Covering an area of 330 acres, the first phase of Chinlink.Worldport will include logistics functions, custom warehouses (bonded warehouses and supervised warehouses), an import merchandize trading center, the Project and "Chinlink.Worldport Daminggong Hometown", a one-stop construction material and furniture trade center collaborated with Xi'an Daminggong Group Company Limited, as well as finance and logistics facilities. Meanwhile, the Group will provide diversified financial products and services to Chinlink.Worldport customers to drive the development of financial business of the Group.
Mr. Siu Wai Yip, Executive Director of Chinlink, said, "Chinlink.Worldport enjoys the geographical advantages of the inter-mode transportation hub for road and rail transport in Hanzhong. With the continuous trust and support from the Hanzhong Government, the only Hanzhong base national Qinba Chinese herbal medicine trading base will be landed in Chinlink.Worldport. In addition, with the diverse functions offered in Chinlink.Worldport, we are confident that the Project will facilitate the economic activities in Baohe Logistics Park and the vicinity of the Hanzhong region, and promote the prosperous development in Hanzhong. Looking forward, Chinlink will seek more constructive partnership and investment opportunities in order to provide comprehensive functions in Chinlink.Worldport, thereby generating fruitful returns to our shareholders."
Contact:
Chinlink International Holdings Limited
Joanne Lee
Corporate Development Director
Tel: +852 2168 0778
Email: joannelee@chinlinkint.com
Website: www.chinlinkint.com
Rebecca Chan
Corporate Communications Manager
Tel: +852 2168 0799
Email: rebeccachan@chinlinkint.com
Website: www.chinlinkint.com
DLK Advisory Limited
Isabella Lam
Tel: +852 2857 7101
Email: isabellalam@dlkadvisory.com
Chermaine Chan
Tel: +852 2857 7101
Email: chermainechan@dlkadvisory.com
Topic: Press release summary
Source: Chinlink International Holdings Limited
Sectors: Logistics & Supply Chain, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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