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From: China panyu Auction LTD (auction888sohu.com)
Date: Mon Nov 19 2001 - 01:07:44 CST

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    Guangzhou Panyu Hengli Resort of Agriculture is going to be wholly auctioned
    at the company lobby on 28th November 2001 because of reformation of
    town-owned enterprises. Occupying 4000 mu, standing aside the mouth of Pearl
    River and with convenient transportation, Panyu Hengli Resort of Agriculture
    is ranked as an Essential Well-plan Spot and Important Sign Seeing Resort in
    Guangzhou's Ninth Five-year plan. Besides having wonderful tour environment
    of living, holiday, tourism and entertainment it also has potential
    development of real easte. The resort is evaluated over RMB 170 million and
    will be auctioned starting at 50% of evaluation price,I,e,RMB85,000,000.The
    auction method will be Holland style (from high to low).
    Please contact our company for auction registration with valid certificate.

    Contact telephone£º(86-20)84816037 (86-20)84811117
    E-mail:auctionciaa.com.cn
    Address£º602 No.45 Fanhua Road, Shiqiao Town, Panyu,Guangzhou,China
    URL: www.ciaa.com.cn

    GUANGZHOU PANYU AUCTION LTD.