Beijing Enterprises to invest 700-800 mln yuan in Sichuan Wangfujing project

HONG KONG (AFX-ASIA) - Beijing Enterprises Holdings Ltd chairman Hu Zhao Guang said the company will invest 700-800 mln yuan in the Wangfujing hotel and shopping mall project on the mainland in Chengdu, Sichuan province.	    Cited by the Hong Kong Economic Journal, Hu said the company is seeking a partner in Sichuan for the Wangfujing project.	    While the shopping mall has started perations, Hu expects the 'five star' hotel not to open before next year.	    Hu also said unit Sanyuan Food is setting up a milk production base in Inner Mongolia to meet its growing demand.	    The Inner Mongolia base will be second to the Beijing milk production base, the report said.

Related stock : (NIL)