Auction

[China panyu Auction LTD]

Guangzhou Panyu Hengli Resort of Agriculture is going to be wholly auctioned 
at the company lobby on 28th November 2001 because of reformation of 
town-owned enterprises. Occupying 4000 mu, standing aside the mouth of Pearl 
River and with convenient transportation, Panyu Hengli Resort of Agriculture 
is ranked as an Essential Well-plan Spot and Important Sign Seeing Resort in 
Guangzhou's Ninth Five-year plan. Besides having wonderful tour environment 
of living, holiday, tourism and entertainment it also has potential 
development of real easte. The resort is evaluated over RMB 170 million and 
will be auctioned starting at 50% of evaluation price,I,e,RMB85,000,000.The 
auction method will be Holland style (from high to low).
Please contact our company for auction registration with valid certificate.

Contact telephone£º(86-20)84816037 (86-20)84811117
E-mail:auction@ciaa.com.cn
Address£º602 No.45 Fanhua Road, Shiqiao Town, Panyu,Guangzhou,China
URL: www.ciaa.com.cn

GUANGZHOU PANYU AUCTION LTD.