(EQS-News / 27/04/2015 / 11:28 UTC+8)
[For Immediate Release]
South Korea's Acting Prime Minister Choi Kyung Hwan visits
Landing International's Myth-History Park integrated resort project in Jeju
(26 April, 2015, Hong Kong) Landing International Development Limited
("Landing International" or the "Company") (HKEx Code: 00582) announces
that Mr. Yang Zhihui, Chairman of the Company, met Mr. Choi Kyung Hwan,
Acting Prime Minister and Minister of Strategy and Finance of South Korea,
in the Company's Myth-History Park integrated resort project in Jeju on 24
April. Mr. Choi applauded the project and believed that the Myth-History
Park will enhance the internationalization of tourism in Jeju.
During his visit in the Myth-History Park, Mr. Choi said, "Tourism is a key
element of South Korea's economic development. As the number of visitors
from China has been surging in recent years, world-class tourism
infrastructure highly attractive to tourists is crucial in strengthening
the competitiveness of tourism in South Korea. The government pledged to
expand Jeju International Airport and establish a large-scale duty free
shop in the downtown area, and so it is necessary to accelerate the
development of the integrated resort project. The Myth-History Park project
jointly developed by Landing International and Genting Singapore is
perfectly positioned to bring comprehensive world-class tourist facilities
to Jeju."
While President Park Geun-hye is currently on a visit to China and South
America, Mr. Choi's visit to the Company's Myth-History Park proves the
government's support for the project. Mr. Choi highlighted, "Tourists are
the key to the development of South Korea's tourism. There is a huge
potential of the Chinese tourists market leveraging the proximity, which
only takes a one-hour flight, between major cities in northern China, such
as Beijing and Shanghai, and South Korea."
Mr. Yang Zhihui, Chairman of Landing International, said, "We are honoured
to have Acting Prime Minister Mr. Choi visit our flagship Myth-History Park
integrated resort project in Jeju and his compliments to the project. With
the support and trust from the government, we will develop the Myth-History
Park integrated resort into a tourist paradise to contribute to the
internationalization of tourism in Jeju."
As a world-class tourism destination, the Myth-History Park integrated
resort project will house Jeju's largest family theme park and adventure
waterpark, as well as one of Korea's most exciting themed retail and food
complexes. It will also comprise premium hotels, luxury villas,
conferencing and exhibition facilities as well as gaming and shopping
facilities. A groundbreaking ceremony attended by approximately 500 guests
was held on 12 February 2015 in Jeju to celebrate the commencement of the
construction work. The project is scheduled to be opened for business in
phases from 2017 to early 2019.
- End -
Photos:
(From left to right) Mr. Won Hee-ryong, Governor of Jeju Special
Self-Governing Province, Mr. Yang Zhihui, Chairman of Landing
International, Mr. Choi Kyung Hwan, Acting Prime Minister and Minister of
Strategy and Finance of South Korea, and Mr. Tan Hee Teck, President and
Board Representative Director of Genting Singapore.
Mr. Choi Kyung Hwan, Acting Prime Minister and Minister of Strategy and
Finance of South Korea (front row, second from left), and Mr. Won
Hee-ryong, Governor of Jeju Special Self-Governing Province (front row,
first from left), visited the Myth-History Park integrated resort project
in Jeju accompanied by Mr. Yang Zhihui, Chairman of Landing International
(front row, middle), and learned more about its current development.
About Landing International Development Limited
Landing International Development Limited (the "Company"), and its
subsidiaries, is principally engaged in property development, development
and operation of the integrated resort, casino business carried under a
casino license, and design, manufacturing and sales of the light-emitting
diode. The Company has been listed on the main board of Hong Kong, and has
become a constituent stock of the Hang Seng Family of Indexes. The majority
of the shares in the Company is held by Landing International Limited which
is wholly owned by Mr. Yang Zhihui, Chairman and Executive Director of the
Company. Mr. Yang is also the controlling shareholder of Anhui Landing
Holding Group Co., Ltd, the only real estate company in Anhui province
honoured with the title of "The Star of Top 100 Chinese Real Estate
Enterprises for the Year 2013" by the Chinese Real Estate Top 10 Research
Team.
For more information, please contact:
iPR Ogilvy Ltd.
Callis Lau / Molisa Lau / Maggie Chui
Tel: +852 2136 6952 / 2136 6953 / 2136 8059
Fax: +852 3170 6606
Email: landing@iprogilvy.com
End of Press Release
+++++
Document: http://n.equitystory.com/c/fncls.ssp?u=QXCLPFVIFH
Document title: South Korea's Acting Prime Minister Choi Kyung Hwan
visits Landing International's Myth-History Park Integrated Resort
Project in Jeju
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Key word(s): Miscellaneous
27/04/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS
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348649 27/04/2015 UTC+8
(END) Dow Jones Newswires
April 26, 2015 23:29 ET (03:29 GMT)
