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HONG KONG, Oct 11, 2010 - (ACN Newswire) - Combined with the concepts of technology, living, environmental protection and culture, green habitation project is thought to be a brand-new engineering for energy-saving industries to improve the living and ecological environment. China Trends Holdings Limited ("China Trends", Stock Code: 8171.HK), the company focuses on energy management contract (CEM) business, entered into a cooperative framework agreement with New Times Global Investment Limited ("New Times Global Investment") and Ningbo Sunbay Development Company Limited ("Ningbo Sunbay") earlier, to establish a cooperation on Sunbay Marina (Low Carbon Tourism) Project in order to extend the CEM business to green habitation aspect.
The rise of green habitation actually served as a by-product of the eco-policies, through planning, design, architecture and configuration, to play the green concepts in every aspect to meet the energy-saving purpose. The brand-new scheme consists of two concepts-green and living, where green means environmental protection, and living implies areas like residence, office, hotel and also shopping mall.
In fact, China Trends, New Times Global Investment and Ningbo Sunbay established a cooperative relationship earlier. Pursuant to the agreement, China Trends will provide integrated system of solar photovoltaic/LED lighting/new insulation plate/energy saving media terminal for the Sunbay Marina (Low Carbon Tourism) Project. The RMB $15 billion investment is conducted by Ningbo Sunbay with approximate area of 21.7 km in Ningbo Xiangshan Harbor. China Trends will also provide energy-saving solutions and infrastructure under CEM basis for the Project.
With experience in capital market, the Company and New Times Global Investment will assist the Sunbay Marina (Low Carbon Tourism) Project in the project financing through fund raising or initial public offer in the capital market in Hong Kong. Besides, China Trends' shareholders may qualify for a preferential scheme when purchasing any property available for sale in the Sunbay Marina (Low Carbon Tourism) Project.
The Sunbay Marina (Low Carbon Tourism) Project, being developed and invested by Ningbo Sunbay, is located in an area of approximate 21.7 km in Ningbo Xiangshan Harbor, the coastline of the Ningbo City in the PRC. The project is developed to be a low carbon leisure resort featuring leisure, sports and health, conference tourism, recreation and health-care.
Ningbo Sunbay and New Times Global Investment will invest and develop each of the sub-projects named "Sports and Leisure Park", "Sunbay Waterfront Resort", "Sunbay Marina International Hotel Management", "Sunbay Marina Yacht Club" and "Sunbay Marina Theme Park", "Sunbay Marina Resort Town" under the Sunbay Marina (Low Carbon Tourism) Project with promotion to international potential investors. It is expected that the first international promotion campaign will be held by late 2010.
New Times Global Investment will set up "Sunbay Marina Development Fund" to participate in the development of Sunbay Marina (Low Carbon Tourism) Project. The initial preliminary fund would be in the scale of approximate US$ 500 million. New Times Global Investment, together with other international investment funds is expected to invest approximate US$ 200 million directly in Ningbo Sunbay or its immediate holding company.
Contact:
Carmen Lee
Investor Relationship Department
China Trends Holdings Limited
Email: carmen.lee@8171.com.hk
Tel: +852 2111 9988
Direct: +852 2155 6275
Mobile: +852 6301 6611
Fax: +852 2111 9989
Topic: Business Plan
Source: China Trends
Sectors: Travel & Tourism, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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