Just been Tencent ( 00700 ) shares of China South City ( 01668 ) that is a lot of

 action , first announced yesterday, Banan District, Chongqing municipal government

 and the government entered into a framework agreement and a cooperation agreement 

with the Chongqing Banan District plans to build and develop large-scale integrated

 logistics and commodity trading center ; evening announced " pumping" the proposed

 issue of senior notes , but no specific amount and interest rate. Following the 

recent big stock rose more than Liu Cheng, up another 6.3% yesterday to close at

 3.71 yuan , turnover 869 million yuan .


CSC refers Chongqing Banan District government and the government entered into a 

framework agreement and a cooperation agreement , the Group has agreed in principle

 to Banan District, Chongqing City Construction and Development of large-scale 

integrated logistics and trade centers , the planning of the project is expected 

to total net area approximately 6.26 square kilometers .


We expect the government will provide staging Banan District of Chongqing 

Municipality land , if the group hung in installments Chongqing trick sho

t land program was the successful bidder of land in Chongqing , Chongqing project 

will be developed in phases , is expected to be over 10 years of development time

 required .