Pacific Concord expects to cash HK$2bln in 2nd half year

Wong Sai Chung, chairman and managing director of Pacific Concord (0438), said that the company will launch several property projects in the 2nd half of the year and it is expected to cash more than HK$2bln. He also said the company will focus property businesses in Shanghai. Although property business in Shanghai is much better than that of Hong Kong, the company will not withdraw from Hong Kong as the housing market is getting better over rate cuts.

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