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Physical Property Holdings Inc. Explores Acquisition Target in Shanghai

2007-10-29 13:55 801

HONG KONG, Oct. 29 /Xinhua-PRNewswire-FirstCall/ -- Physical Property Holdings Inc. (OTC Bulletin Board: PPYH) announced today that it explored the residential units of Platinum Mansion in Shanghai during the past week for potential acquisition ( http://www.ptmansion.com ). Located at 666 Hongqiao Road, Shanghai, Platinum Mansion is in the large scale transfer center of the railway network, including the already built Metro Line I; Metro Line IX; and Line R3 to be built in the near future. In addition, Platinum Mansion is situated between Hongqiao Road and Fanyu Road where top-grade CBD (Central Business District) commercial area is being planned with a combination of modern prosperity and peace.

"Platinum Mansion brings together history of Shanghai with modern development in its design and planning. It is also being developed by one of the well known developers in Shanghai," Mr. Ngai Keung Luk, Chairman and CEO of Physical Property Holdings Inc. "We believe that Platinum Mansion will attract interests from many local investors and expatriates. We will continue to seek acquisition opportunities of real estate units in the major cities in China, in addition to opportunities in Hong Kong."

About Physical Property Holdings Inc.

Physical Property Holdings Inc. is a comprehensive real estate management and investment service group, focusing on the real estate market in the Greater China region. For more detailed information and our recent development, please visit our corporate website at http://www.physicalproperty-ppyh.com .

Safe Harbor

Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of Physical Property Holdings Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Physical Property Holdings Inc. cautions you that any forward-looking information provided by or on behalf of Physical Property Holdings Inc. is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. Physical Property Holdings Inc.’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Physical Property Holdings Inc.’s control. In addition to those discussed in Physical Property Holdings Inc.’s press releases, public filings, and statements by Physical Property Holdings Inc.’s management, including, but not limited to, Physical Property Holdings Inc.’s estimate of the sufficiency of its existing capital resources, Physical Property Holdings Inc.’s ability to raise additional capital to fund future operations, Physical Property Holdings Inc.’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Physical Property Holdings Inc.’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Physical Property Holdings Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

For more information, please contact:

Investors Relations Officer

Tel: +852-2917-0110

Fax: +852-2890-9484

Email: property@physical.com.hk

Source: Physical Property Holdings Inc.
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Keywords: Real Estate
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