NEW YORK, NY--(Marketwired - Apr 29, 2014) - China Metro-Rural Holdings Limited (NYSE MKT: CNR) (the "Company") is pleased to announce its new project in Zhoukou, the PRC. The Company, through its subsidiary, has recently entered into an auction and has won the bidding of approximately 414,000 square meters of land in Zhoukou, the PRC, following the signing of framework agreement with Zhoukou Municipal Government of the PRC ("Hengyang Government"). The land acquired will be used to develop a trading platform in Zhoukou ("Zhoukou Project").
The planned site area of the Project is approximately 5.5 million square meters. The Project will include trading outlets and other supporting facilities such as exhibition, residential and commercial areas. The development duration is expected to take approximately 10 years for the entire project. We expect Zhoukou Project will help fuel the growth of CNR, together with projects in Hengyang, Dezhou and Tieling.
ABOUT CHINA METRO-RURAL HOLDINGS LIMITED
China Metro-Rural Holdings Limited is a leading agricultural logistics platform development and rural-urban migration redevelopment company in China.
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