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Evergrande Intends to Accelerate the Layout in the Western Area, Exploring the Market with Leaders of Lanzhou Municipality

 Date:2010.03.14   Publisher:

Source: Lanzhou Evening     

(Journalist: Liu Weixia) When the Party and Government economic cooperation investigation delegation of Lanzhou municipality went to the southeast coastal area for a investment investigation tour on March 9, it took Evergrande Real-Estate Group as a major destination for visit. On March 14, the second day after the investigation delegation returned to Lanzhou, Xu Jiayin, president of Evergrande, arrived at Lanzhou for investigating relevant projects on site. Yuan Zhanting, deputy secretary of the municipal Party committee and mayor, Yang Zhiwu, standing member of the municipal Party committee and vice mayor, and Wei Bangxin, vice chairman of the municipal CPPCC and secretary-general of the municipal government, accompanied Xu in the visit.

As shown in its listing prospectus, Evergrande is a large modern real estate conglomerate integrating real estate planning, design, development, construction, and property management. It is also one of the largest real estate companies with huge land reserve in the country. At present it has land reserve up to 51.19 million square meters, and more than 50 projects in more than 20 major cities. In the investment investigation tour in Hong Kong, Macao, Guangdong, and Fujian, Lanzhou delegation visited the "Royal Scenic Peninsula", a high-end project in Guangzhou invested by Evergrande.

In the morning of March 14, in the cold wind of early spring, Yuan Zhanting and Xu Jiayin etc. visited the land reserve project of the City Investment Company, Matan urban village improvement project, and Jiuzhou eco-park project along the Binhe Road in Anning. Mr. Xu asked local officials of the Party committee and government about details of these projects while he was inspecting on the spot.

In their exchanges, the leaders of the municipal Party committee said they have been well aware of the strength of the group after their visit of Evergrande. As a large and modern real-estate conglomerate in the country, its advanced strategies and management model, first-class talented team, brilliant development performances, and powerful corporate strength and growth potential are impressive to them.

While president Xu said that with the scientific planning of the municipal Party committee and Government in recent years, the urban construction in Lanzhou has been accelerating and has great potential of development. After investigation, he was full of confidence to invest in Lanzhou. Evergrande would further strengthen and deepen bilateral cooperation in accordance with local overall planning layout and general requirements on supporting facilities for urban functions with brand-new concept and high-level planning.