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Vantone, wedding dresses for sale China Sports to build RMB 5.2 bln Olympic Village
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Vantone, China Sports to build RMB 5.2 bln Olympic VillagePublished: 17 Mar 2009 00:02:15 PSTMar. 17, 2009 (China Knowledge) – Beijing Vantone Real Estate Co Ltd<600246> signed a contract with China Sports Industry Group Co Ltd<600158> on Mar. 16 to spend RMB 5.2 billion on construction of an Olympic Village to be located in Begonia Bay, Sanya City, Hainan Province, sources reported.The Olympic Village, with estimated total investment of RMB 5.2 billion, will cover an area of 2,200 Mu and have a potential floor area of up to 340,000 square meters. The company plans to spend seven years to complete the project. A joint venture for development of the Olympic Village will be 46% held by China Sports Industry and 44% owned by Vantone. The plan is for the remaining stake to be held by the International Olympic Committee (IOC) and the Chinese Olympic Committee (COC).Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News北京翻译公司 被リンク surge arrester dental bearings クレジットカード 現金化 比較 电炉 除湿机 老房子 烘箱 kitchen cabinets on sale -