Aug. 10, 2009 (China Knowledge) - PYI Corp Ltd<0498>, which is principally engaged in port development, may invest RMB 10 billion in a property project near Chaotianmen Harbor in Chongqing, said Deng Kaiwei, deputy district mayor of Yuzhong District, Chongqing, sources reported.
Xu Weihui, chief operating officer of PYI, said that the firm is still in talks about starting the project and has not yet signed the contract. The project will cover a land area of 11 hectares and have a floor area of 700,000 square meters.
Deng added that Shui On Group is considering staring an urban reconstruction project in Chongqing with an investment of RMB 30 billion in total.
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