Shenzhen Huaqiang to invest RMB 7 bln in Shandong

Aug. 5, 2009 (China Knowledge) - Shenzhen Huaqiang Industry Co Ltd<000062>, which is engaged in the electronics and information technology industries as well as the development of properties, plans to invest a total of RMB 7 billion in Qingdao and Ji'nan, Shandong Province, sources reported.

In Chengyang District, Qingdao, the Shenzhen-listed enterprise intends to invest a total of RMB 5 billion to build a cultural and technological theme park, a tourism town and four bases related to software development, animation and file production. The six projects cover a land area of 3,100 Mu in total.

On Shanda Road, Ji'nan, Shenzhen Huaqiang Industry will invest RMB 2 billion to build a large base providing services for the electronic information industry. The project, which covers a land are of 45 Mu, is scheduled to start construction in October this year.

Since May this year, Shenzhen Huaqiang Industry has initiated projects in many cities that include Shenyang, Ji'nan, Qingdao, Zhuzhou and even Johannesburg of South Africa. Most of the projects involve culture and technology.

Reportedly, Shenzhen Huaqiang Industry intends to invest RMB 6 billion in a mixed-use property project in Hefei, Anhui Province. The project will consist of apartment buildings, office buildings, restaurants, shopping malls and a 4D cinema.