Does Beidahu Ski Resort in Jilin City sell it?

China Resort Co., Ltd. signed a contract to invest in Beidahu Project [2007- 1 1-22]

On June 22nd, 2007, 165438+ Hong Kong Xinhao China Resort Co., Ltd. (hereinafter referred to as Xinhao Company) signed an asset purchase contract with Jilin Beidahu Sports Tourism Industry Development Co., Ltd.. Melco International is a subsidiary of Melco International Development Co., Ltd in Hong Kong. Hong Kong Melco International, a listed company in Hong Kong, is a subsidiary of Mr. Stanley Ho, a famous person from Hong Kong and Macao, and its son He Youlong is the Chairman and Chief Executive Officer of the Board of Directors.

According to the contract, Melco International will set up a wholly foreign-owned enterprise in Beidahu with a total investment of 720 million yuan, including 220 million yuan. According to the asset appraisal value of Beidahu Ski Resort by the asset appraisal company, 220 million yuan of assets corresponding to Beidahu Ski Resort were purchased for consideration, and other assets were leased to obtain the right to operate. At the same time, it is planned to invest another 500 million yuan in five years to build five-star hotels, property apartments and the International Snow Federation Club in Beidahu.

At present, Melco International has acquired several well-known ski resorts in China and plans to list them in Toronto, Canada before the end of this year.