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Property company helping earthquake recovery work

[photopress:propery_sheffield_united.jpg,full,alignright]Sheffield United plans to send representatives to Chengdu in late June to help Chengdu Blades, whose management, players and staff have been helping families and children affected by the earthquake. Chengdu Blades F.C. (成都谢菲联足球俱乐部, means Chengdu Sheffield United F.C.) are a soccer team in Chengdu and are owned by Sheffield United. That needs some explanation but the news of the good work follows on logically.

A new Chinese property company which calls itself Top Spring International Holdings aims to raise more than $6 billion by floating on the Hong Kong Stock Exchange next year. It will have Kevin McCabe on the board.

He is the chairman of Blades and the new company pulls together the property interests of the Chinese Top Spring Group and Scarborough Holdings, part of Kevin McCabe’s Scarborough Group.

Kevin McCabe said, ‘Top Spring International Holdings has a portfolio of completed and ongoing projects in Hangzhou, Changzhou, Baoshan, Chengdu, Guangzhou together with a series of transactions in Shenzhen. The company’s projects comprise primarily mixed use developments, including shopping malls, hotels, offices and residential apartments.

Further, he said, ‘Top Spring will also own a controlling stake in Rainbow Department Stores, a company that is scheduled to float on the Shenzhen Stock Exchange later this year at a value of around RMB8 billion.’

He said, ‘Scarborough Holdings will maintain its own portfolio of properties in China and Hong Kong and will be working with sister company, Chengdu Blades FC, to further expand leisure related projects, including hotels, and a sporting academy in this major city, which was recently affected by China’s worst ever earthquake.’

Which is how we start off with Sheffield United — winning 1-0 against Arsenal in our picture — which plans to send representatives to Chengdu in late June to help Chengdu Blades, whose management, players and staff have been helping families and children affected by the earthquake.
Source: The Star

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