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Article: CANAL SCIENTIFIC TO BUY COMMERCIAL BUILDING IN JIANGYIN

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AsiaInfo Services
Article date:
September 25, 2008
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AsiaInfo Services
09-25-2008
Canal Scientific to Buy Commercial Building in Jiangyin

SHANGHAI, Sep 25, 2008 (SinoCast via COMTEX) -- Canal Scientific & Technological Co., Ltd. (SHSE: 600398) announced on September 23 that it planned to spend CNY 380 million buying a commercial building in Jiangyin City, Jiangsu Province, in an attempt to dip toe in the commercial property leasing market.

In detail, the textile and thermal electricity company will buy the International Trade Building with a building area of 48,800 square meters from Hailan Group.

Canal Scientific & Technological will reorganize the existing management team in the building to keep the building well operated after the ...

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