Score One to Partner with Major Developer in Shenyang with on Hand Projects Worth Over $175 Million
2007年6月30日 - 6:00AM
PRニュース・ワイアー (英語)
HONG KONG, June 29 /Xinhua-PRNewswire-FirstCall/ -- Score One Inc.
(OTC:SREA) (BULLETIN BOARD: SREA) announced today that it is in
negotiation with a major developer in China, Shenyang Paliburg
Plaza Limited ('SPPL'), for the development of Dalian Fengming
International Recreation Town Phase II ('Recreation Town'). The
negotiation includes the acquisition of a majority stack in SPPL
with the issuance of a convertible note and the co-development of
Recreation Town. 'The potential co-operation with SPPL is a major
break-through of Score One.,' said Ms. Hoi-ho Kiu, Chairman and CEO
of Score One, Inc. 'SPPL is a major real estate developer in
Northern China who owns Paliburg Plaza, a real estate complex with
assets value of over US$175 million in Shenyang, major city at
Northern China PRC. With its local experience and market knowledge
of SPPL of Northern China, we are confident that this cooperation
will benefit both the Company and SPPL and lead to a lucrative and
fruitful future for our Recreation Town development of bungalows in
Dalian, Northern China.' About Shenyang Paliburg Plaza Limited SPPL
owns Shenyang Paliburg Plaza and Shenyang Grant Century Hotel
located in Shenyang, one of the capital cities at Northern China,
PRC. Shenyang Paliburg Plaza comprises of a 20-storey service
apartment tower and a 20-storey 4-star hotel. Together with the
8-storey retail podium and 2-storey basement, the Shenyang Paliburg
Plaza has a total gross floor area of approximately 96,000 square
meters with a current valuation of over US$175 million. About Score
One Inc. Score One Inc. is a comprehensive investment service group
and the parent company of RC Capital Limited, a Hong Kong based
corporation which business includes financial consultation,
investment and financial planning, enterprise re-organization,
public offering consultation, and direct investment. Recreation
Town is a piece of undeveloped land located in the peninsula in
Dalian, the PRC with a current market value exceeding $75 million.
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information, please contact: Investors Relations Officer Tel:
+852-2251-8831 Fax: +852-2251-8830 Email: DATASOURCE: Score One
Inc. CONTACT: Investors Relations Officer of Score One Inc.,
+852-2251-8831, or fax, +852-2251-8830, or
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