China Growth Development Inc. (CGDI.OB)

Posted: Fri Nov 07, 2008 3:38 pm

China Growth Development Inc. (CGDI) is known as the largest investor, owner and manager of commercial real estate in the capital city of Taiyuan, located in the Shanxi province of southern China. The company currently owns and manages 5,000 commercial units within its six well positioned shopping centers, which together service an urban population of 3.4 million people.

China Growth Development is focused on providing high-quality leasing opportunities for both retail and wholesale clients in convenient, modern shopping centers. The company aims to anticipate and satisfy the evolving needs of their retail and wholesale clients. Through this successful strategy, they have positioned themselves as a leader in commercial real estate leasing.

The Company has two main sources of revenue from its shopping mall leasing business: rental revenue and management services revenue. The company is poised for flourishing growth because of their location, strong management and proven innovation, and has a solid development program in place for additional commercial spaces in Taiyuan.

The company plans to use its working capital and proceeds of financings to fund future acquisition costs. In the near future, China Growth Development intends to acquire an additional 3 shopping centers as well as development rights to 3,000 square metric units of prime commercial land. With a portfolio valued at over US $60 million and more than half of the market share in commercial leasing, China Growth Development is dedicated to defining the urban commercial landscape of Shanxi.