not vested
The property projects at Shanghai Anting, Fujian Anxi and Dali Heqing are progressing in accordance to our
planned completion schedule. The commercial launch of the 4-storey shopping mall at Shanghai Anting is
targeted in the fourth quarter of 2014. The Group will start to recognize rental income in the third quarter of 2014.
The build-and-transfer residential project at Anxi is on schedule for completion in the third quarter of 2014. Upon
completion, the ownership of the project will be transferred to a local government affiliated company and we will
thereafter begin to receive payment for the project in six half-yearly instalments.
The Group expects its PVC pipes and fittings and hotel operations to continue to face challenging business
environment.
1h2014 Result
http://infopub.sgx.com/FileOpen/SANTEH2 ... eID=309679