Shenzhen International Holdings Limited (SEHK: 0152) Board Chairman Gao Lei revealed at a shareholder meeting that the company will ink agreement with Bank of China Limited (BOC, SEHK: 3988 and SHSE: 601988) for strategic cooperation to get credit lines worth CNY 20 billion from the lender and bolster up future financings.
Gao opened out by saying that Shenzhen International is not so mature to develop lands independently in the experimental zone of Shenzhen, so will invite partners. The company has learnt experience from Mori Building from Japan and real estate companies from Shenzhen and Hong Kong, hoping to make full use of land values.