JV partners say China’s latest SEZ likely to have ‘positive impact’ on Gaobeidian project

SINGAPORE (April 4): Oxley Holdings, KSH Holdings, Lian Beng Group and Heeton Holdings say China’s latest Special Economic Zone (SEZ) in Hebei is likely to have a “positive and favourable” impact on their joint-venture project in Gaobeidian.

In separate filings after Tuesday’s market close, Oxley, KSH, Lian Beng and Heeton referred to media reports published on Monday and Tuesday regarding the recent announcement by the China government that it will establish a new SEZ in the province of Hebei’s Xiongxian, Anxin and Rongcheng cities.

According to the reports, the SEZ is expected to have the same importance as Shenzhen and Pudong. In addition, property transactions have reportedly been halted in the new SEZ.

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