Yuxinlong International Ltd.: YUXINLONG REVEALS PLANS FOR CAOFEI LAKE REGION

Yuxinlong International Ltd.: YUXINLONG REVEALS PLANS FOR CAOFEI LAKE REGION | Bild: © ad-hoc-news

DGAP-News: Yuxinlong International Ltd. / Key word(s): Strategic Company Decision/Miscellaneous Yuxinlong International Ltd.: YUXINLONG REVEALS PLANS FOR CAOFEI LAKE REGION

08.02.2012 / 16:44

YUXINLONG REVEALS PLANS FOR CAOFEI LAKE REGION

MISSISSAUGA, ON - 02/2012- Yuxinlong International Limited, ('YL0') (Börse Frankfurt YL0) commented today that the understanding, which was reported in an earlier release, to develop the two islands in the Caofei Lake area was granted by the Tanghai National Land Resources Bureau following a process whereby YL0 was determined to be the most suitable developer for the project.

While the two islands are to be developed for luxury homes, an adjacent parcel of land will be transformed into commercial and resort properties designed to complement the YL0 luxury housing, and the world's largest golf course, which are located in close proximity to the project.

Shopping malls and luxury resort hotels will be developed to accommodate tourists from Beijing and the industrial city of Tianjin. The drawings for the various facilities are currently being drafted by YL0 engineers. Projects in the planning stages include a large factory outlet shopping mall, a 500 room resort hotel, and a luxury condominium complex.

About Yuxinlong International Limited Yuxinlong International Limited (www.yuxinlongint.com) was founded in 2007 and is now the largest real estate developer in Tanghai County, China. Yuxinlong currently employs a workforce of 2000 which is managed by a 79 member management team. The company's projects are located in an area designated as China's next economic and development zone. Yuxinlong's major project in the area is the 'Tang Hai Bright Pearl Development', a project which encompasses eight residential buildings with over 161,000 square meters under construction.

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