CNR Announces New Project in Zhoukou
April 29 2014 - 7:30AM
Marketwired
CNR Announces New Project in Zhoukou
NEW YORK, NY--(Marketwired - Apr 29, 2014) - China Metro-Rural
Holdings Limited (NYSEMKT: CNR) (the "Company") is pleased to
announce its new project in Zhoukou, the PRC. The Company,
through its subsidiary, has recently entered into an auction and
has won the bidding of approximately 414,000 square meters of land
in Zhoukou, the PRC, following the signing of framework agreement
with Zhoukou Municipal Government of the PRC ("Hengyang
Government"). The land acquired will be used to develop a trading
platform in Zhoukou ("Zhoukou Project").
The planned site area of the Project is approximately 5.5
million square meters. The Project will include trading
outlets and other supporting facilities such as exhibition,
residential and commercial areas. The development duration is
expected to take approximately 10 years for the entire project. We
expect Zhoukou Project will help fuel the growth of CNR, together
with projects in Hengyang, Dezhou and Tieling.
ABOUT CHINA METRO-RURAL HOLDINGS LIMITED
China Metro-Rural Holdings Limited is a leading agricultural
logistics platform development and rural-urban migration
redevelopment company in China.
Forward-Looking Statements This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, which are, by
their nature, subject to risks and uncertainties. This Act
provides a "safe harbor" for forward-looking statements to
encourage companies to provide prospective information about
themselves so long as they identify these statements as
forward-looking and provide meaningful cautionary statements
identifying important factors that could cause actual results to
differ from the projected results. All statements, including
statements regarding industry prospects and future results of
operations or financial position, made in this press release are
forward looking.
Words such as "continue", "consider", "probably", "will",
"strive" and similar expressions may identify forward-looking
statements. These forward-looking statements include, without
limitation, statements relating to: the Company's future
performance, the Company's expansion efforts, the state of economic
conditions, the Company's market and the governmental
policy. These forward-looking statements are based on
assumptions and analyses made by the Company in light of its
experience and perception of historical trends, current conditions
and expected future developments, as well as other factors the
Company believes to be appropriate in particular
circumstances. However, whether actual results and
developments will meet the Company's expectations and predictions
depends on a number of known and unknown risks and uncertainties
and other factors, any or all of which could cause actual results,
performance or achievements to differ materially from the Company's
expectations, whether expressed or implied by such forward-looking
statements.
CONTACT: China Metro-Rural Holdings Limited-- Investor Relations
Department Phone: (852) 2111 3815 E-mail: Email Contact
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