Huasheng's American Sunrise Technology Group also invested in its packaging plant and research base in the remote Pudong.
Huaguang's cumulative investment amounted to US$9 billion, of which Shanghai alone accounted for US$5 billion. Xiao Zhengtang was giving considerable face to Shanghai.
The packaging plant in Washington and the mainland research institute directly invested $13 billion.
As expected, I heard that the world-renowned urban super complex operator Paradise Commercial Management is a subsidiary of Huasheng. What can I do? Xiao Zhen doesn’t want to be a developer, so take it!
Paradise Commercial Management acquired 5,000 mu of development land at the market price in Pudong, with a total construction area of 3.5 million square meters. It is currently the most luxurious world-class financial and commercial complex that is operated by Paradise Commercial Management and is only rented and not sold!
It includes a 1.2 million square meter commercial service complex, a 560-meter-high five-star international hotel, and two 600-meter-high Grade A office buildings.
Three 480-meter-high Forest City finely decorated international apartments, a 2 million square meter international convention and exhibition center and a comprehensive cultural and sports center that can accommodate 80,000 spectators.
There are also public sports parks along the river, international standard riverside golf courses, yacht clubs and yacht marinas.
The entire Shanghai Paradise Central World Financial Center has a total investment of US$26 billion and was completed in 6 years. After the three connections and one leveling, the land was handed over to Paradise International Commercial Management (China) Company to start construction.
Paradise Commercial Management directly selected China Railway and China Construction as the construction contractors, prohibiting subcontracting and removing construction teams if discovered. Workers' wages were issued by an international accounting firm.
Pudong has unknowingly begun its large-scale construction.
Huaguang and Huasheng jointly donated US$50 million to entrust Shanghai Urban Construction and Tongji University to design and build the Yangpu Bridge connecting the two sides of the Huangpu River, which made the local government quite satisfied.
Xiao Zhen thought that he could allocate 60% of the accumulated funds over the past year.
Later, Shanghai approached the American International Commercial Bank and invited it to settle in the Pudong National Financial District, and Wen Yunshu agreed.
Another 300 acres of land was acquired at market price, with plans to build twin Chinese pagoda buildings, 660 meters high, which is not too exaggerated. One building would be used by the Bank of America and the other would be rented out.
The rest of the land will be used for apartment buildings, life service center supporting facilities, green public parks, and 48 low-density Song-style villas. The total investment is US$8.2 billion and it is planned to be completed in five years. It will also be constructed by Shanghai Urban Construction and China Construction, and designed by the Department of Architecture of Tongji University.
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