CNTD gunning for 1.5b-2b yuan of new investments this year

Singapore

SINGAPORE-listed China New Town Development (CNTD) is exploring more fixed-return investments in urbanisation projects as well as downstream businesses, with a target to reach 1.5 billion yuan (S$313.6 million) to two billion yuan in new investments this year.

Talks on potential tie-ups with some Singapore-listed companies including a developer, an educational service provider and a global logistics player are underway, deputy general manager Jimmy Pun told BT, but declined to reveal names.