PR87639

CHANGZHOU, China, Jan. 15, 2021 /PRNewswire=KYODO JBN/ --

On the morning of January 9, Chinese investment firm Reignwood Group signed a

comprehensive cooperation agreement with Changzhou National Hi-Tech District (CND).

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Under the terms of the agreement, Reignwood plans to invest 30 billion yuan in

the aggregate, including an initial amount of 10 billion yuan, in projects

covering several strategically-positioned industries, among them, fast-moving

consumer goods, sustainable healthcare and financial leasing. Key projects include:

- Establishment of Reignwood's Eastern China headquarters in Changzhou's High

Speed Railway New Town, a newly-developed area with a station served by the

country's high-speed rail lines;

- Construction of a regional clearing house for fast moving packaged goods that

is expected to generate at least 2 billion yuan in annual turnover;

- Renovation and upgrade of the terminal owned by Changzhou New Yangtse River

Port and of Jinling Plaza Changzhou, a four-star hotel, through a series of

mergers and reorganizations;

- Establishment of a commodity trading platform at Changzhou Port;

- Introduction of functional beverage or healthcare product lines at CND's

Healthcare Industrial Park with the aim of addressing the needs of markets in

eastern China;

- Establishment of an aviation industry fund and an operations center serving

eastern China providing aviation logistics, aircraft marketing and sales, as

well as the upgrading and maintenance of large passenger aircraft.

In addition, the group plans to host the Changzhou Finals of the Yangtze River

Economic Belt Tennis Open in partnership with CND later this year.

Reignwood Group, founded by Chanchai Ruayrungruang (also known as Yan Bin), a

Chinese-Thai businessman with a strong interest in China's economic success, is

an international company with branches and subsidiaries worldwide. Chanchai,

often referred to among his peers as the "Father of Chinese Functional

Beverage", pioneered the category's development in China. The company now

operates in multiple business segments. In 2019, the firm's global revenue

exceeded 100 billion yuan. The huge investment supported by the partnership

with CND demonstrates Reignwood's commitment to accelerating its growth by

leveraging the opportunities presented by the implementation of government

strategies in connection with the growth of the Yangtze River Economic Belt and

the integrated development of the Yangtze River Delta region, alongside the

ongoing construction of Changzhou's High Speed Railway New Town.

Source: Changzhou National Hi-Tech District

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   Caption: Reignwood Group