Bright East Group to Build its Jiangsu Industries Limited at Shengpu Town

Bright East Group recently decided to invest two billion yuan in building its Jiangsu Industries Limited at Shengpu Town of Suzhou Industrial Park to produce plastic fiber-optics for communication. According to the press release of the Group, the initial registered capital amounts to 100 million yuan and it will increase to 360 million yuan during the first quarter of the year. The total land area that the Group auctioned for Phase 1 project is nearly 263 mu and the construction is scheduled to start in April.

March 11, 2010