'Right time to invest in Chengdu'
It is the right time to invest in Chengdu, the capital city of Sichuan province that will soon host the 2013 Global Fortune Forum, city officials told Singaporean business representatives last month.
Shenzhen Investment Ltd., a company backed by the namesake Chinese city, will buy land there from shareholder Shum Yip Group Ltd. for 4.15 billion yuan in stock, as it plans mixed-use projects.