Zhangzhou Development Project

Prosperity holds a 50% interest in a property development project in Zhangzhou City, Fujian Province, southern China. The project site is located 39 kilometres from Xiamen City, which is the economic and financial centre of Fujian Province and the largest city in the province.

The project will offer high-end accommodation and hot spring resort facilities. The joint venture company is buying the land for development in stages while the land for the hot spring resort facilities is being leased from the local government for an extended term.