Cosco and China Merchants to develop commercial property

Shenzhen: Cosco Group and China Merchants Group have recently signed an agreement in Shenzhen to jointly develop Bo’ao Daling Lake project in Hainan province.

Daling Lake project is started by SASAC and Hainan government and it will be the phase 3 service facility project of Bo’ao Forum for Asia (BFA).The total investment on the project will reach RMB4.6bn. [13/11/12]

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