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Renhe (HKG:1387) secures approval for 2 commercial centers

Renhe Commercial (HKG:1387) announced that it has secured approval from the State and Provincial Civil Air Defense Office to develop and operate underground commercial centers in Wuhu, Anhui Province and Qingdao, Shandong Province.

The Wuhu project has a total gross floor area of approximately 150,000 square metres, and the Qingdao project has a total gross floor area of approximately 500,000 square metres. With these two new sites, Renhe Commercial now has more than 1.2 million square metres of gross floor area as reserve for future project development in 2010 or after.

The group plans to complete seven other projects by the end of 2009, which have a total gross floor area of more than 770,000 square metres.

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