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Friday, February 25, 2011 10:27:13 AM
Let's just break this down shall we.
1) There is a Joint Venture
2) They are going to and I quote, "to finance, construct and secure the long-term management and operation of the Panlongshanshui Senior Healthy Living Center"
3) The project is a $230M dollar project.
Does anyone realize the revenue potential they could receive on this project alone. This is huge news!
4) "TMSH and WIEC are working with a well established financial institution to fund the three phases of the development."
That is the English interpretation for the day.
('TMSH'; 'The Company') is pleased to announce that TMSH and Western International External Corporation Ltd. (WIEC) have entered into a Joint Venture agreement with the Shandong Taishan Real Estate Co., Ltd. to finance, construct and secure the long-term management and operation of the Panlongshanshui Senior Healthy Living Center in Jinan City, Shandong Province, China (direct translation: "Panlongshanshui Old Person Health Living Center"). The project requires financing in the amount of $230 million dollars US for three phases. TMSH and WIEC are working with a well established financial institution to fund the three phases of the development.
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