KSH, Lian Beng, Heeton, Oxley shares on a tear after site of China’s latest SEZ revealed

SINGAPORE (April 4): The share prices of Oxley Holdings, KSH Holdings, Lian Beng Group and Heeton Holdings sprung to life on Tuesday after news broke that China's latest Special Economic Zone (SEZ) -- three times the size of New York City -- would be located right next to their Sino-Singapore Health City joint-venture development in Gaobeidian, Hebei province.

On April 1, the Chinese government announced it would create the Xiongan New Area in Hebei into an SEZ similar to that in Shenzhen and Pudong.

Gaobeidian lies between the SEZ and Beijing and is 82 km or 19 minutes by high-speed rail from Beijing. It is also 68km north of Baoding, which has been designated as China’s secondary capital and taking over part of the administrative function from Beijing.

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