HONG KONG, June 29 /Xinhua-PRNewswire-FirstCall/ -- Score One Inc.
(OTC Bulletin Board: SREA) announced today that it is in negotiation with a major developer in China, Shenyang Paliburg Plaza Limited (“SPPL”), for the development of Dalian Fengming International Recreation Town Phase II (“Recreation Town”). The negotiation includes the acquisition of a majority stack in SPPL with the issuance of a convertible note and the co-development of Recreation Town.
“The potential co-operation with SPPL is a major break-through of Score One.,” said Ms. Hoi-ho Kiu, Chairman and CEO of Score One, Inc. “SPPL is a major real estate developer in Northern China who owns Paliburg Plaza, a real estate complex with assets value of over US$175 million in Shenyang, major city at Northern China PRC. With its local experience and market knowledge of SPPL of Northern China, we are confident that this cooperation will benefit both the Company and SPPL and lead to a lucrative and fruitful future for our Recreation Town development of bungalows in Dalian, Northern China.”
About Shenyang Paliburg Plaza Limited
SPPL owns Shenyang Paliburg Plaza and Shenyang Grant Century Hotel located in Shenyang, one of the capital cities at Northern China, PRC. Shenyang Paliburg Plaza comprises of a 20-storey service apartment tower and a
20-storey 4-star hotel. Together with the 8-storey retail podium and 2-storey basement, the Shenyang Paliburg Plaza has a total gross floor area of approximately 96,000 square meters with a current valuation of over US$175 million.
About Score One Inc.
Score One Inc. is a comprehensive investment service group and the parent company of RC Capital Limited, a Hong Kong based corporation which business includes financial consultation, investment and financial planning, enterprise re-organization, public offering consultation, and direct investment. Recreation Town is a piece of undeveloped land located in the peninsula in Dalian, the PRC with a current market value exceeding $75 million.
Safe Harbor
Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of Score One 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. Score One Inc. cautions you that any forward-looking information provided by or on behalf of Score One 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. Score One 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 Score One Inc.’s control. In addition to those discussed in Score One Inc.’s press releases, public filings, and statements by Score One Inc.’s management, including, but not limited to, Score One Inc.’s estimate of the sufficiency of its existing capital resources, Score One Inc.’s ability to raise additional capital to fund future operations, Score One Inc.’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Score One 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. Score One 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.
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Investors Relations Officer
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Email: rccapitalltd@hottdesk.com
