CCM Grp: Signed an MOU with Dianjiang County to develop an eco-tourism holiday resort. Total land size is approx. 700ha and will be developed in the following 4 phases over 3-5 years. Total invt is estimated at approx. $320m. $5m is required for the first phase and will be funded through bank borrowings and from local and foreign investors…
Co is still considering various avenues to finance the remaining phases. Stock currently trades at 15.1X P/E and is involved in construction services with mkt cap of 12.9m.
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