CHANGZHOU, China, Jan. 15, 2021 /PRNewswire/ -- On the morning of January 9, Chinese investment firm Reignwood Group signed a comprehensive cooperation agreement with Changzhou National Hi-Tech District (CND).
Under the terms of the agreement, Reignwood plans to invest 30 billion yuan in the aggregate, including an initial amount of 10 billion yuan, in projects covering several strategically-positioned industries, among them, fast-moving consumer goods, sustainable healthcare and financial leasing. Key projects include:
In addition, the group plans to host the Changzhou Finals of the Yangtze River Economic Belt Tennis Open in partnership with CND later this year.
Reignwood Group, founded by Chanchai Ruayrungruang (also known as Yan Bin), a Chinese-Thai businessman with a strong interest in China's economic success, is an international company with branches and subsidiaries worldwide. Chanchai, often referred to among his peers as the "Father of Chinese Functional Beverage", pioneered the category's development in China. The company now operates in multiple business segments. In 2019, the firm's global revenue exceeded 100 billion yuan. The huge investment supported by the partnership with CND demonstrates Reignwood's commitment to accelerating its growth by leveraging the opportunities presented by the implementation of government strategies in connection with the growth of the Yangtze River Economic Belt and the integrated development of the Yangtze River Delta region, alongside the ongoing construction of Changzhou's High Speed Railway New Town.