Chinese buying 300 sq km of land in Iceland
August 31st, 2011 - 6:39 pm ICT by IANSBeijing, Aug 31 (IANS) A super-rich Chinese is purchasing a mind-boggling 300 sq km of land in Iceland for a tourism project.
Huang Nubo, ranked 114th on Forbes’ 2009 list and chairman of Beijing-based Zhongkun Investment, wants to buy the land for $100 million and develop a hotel and golf course complex, Shanghai Daily reported.
“It is inconvenient to disclose the overall plan now,” a company spokesperson was quoted as saying.
The land is being bought in Grimsstadir a Fjollum and approval from the Icelandic government is awaited.
Huang, whose personal assets are worth 5.26 billion yuan ($824 million), has developed tourism sites in the US, Japan and in various parts of China.
- Chinese firm revives plan for Iceland resort - May 08, 2012
- Chinese firm eyes Iceland resort - Apr 18, 2012
- Shanghai - a city with 132,000 millionaires - May 13, 2011
- Chinese art students claim painting that fetched $11mn - Sep 17, 2011
- China's super-rich to get richer - May 08, 2012
- China cuts railway budget - Dec 24, 2011
- China's Wal-Mart stores closed over pork fraud - Oct 10, 2011
- Ancient Chinese calligrapher's work sold for 46 million dollars - Nov 21, 2010
- Painting by Chinese artist sold for 65 mn dollars! - May 23, 2011
- China's search engine market reaches $877 mn - Apr 28, 2012
- Camera thief leaves behind his photos! - Jul 30, 2011
- Shanghai targets 70 percent revenue increase from Tourism Industry by 2015 - Feb 18, 2011
- Chinese referee admits taking $256,000 in bribes (Lead) - Dec 20, 2011
- Spring holidays bring travel boom in China - Jan 29, 2012
- A Chinese drug sold at 1,300 percent profit - May 17, 2010
Tags: 100 million, beijing, china, company spokesperson, forbes, golf course, japan, nubo, personal assets, shanghai, tourism project, yuan