Great China International Holdings Appoints Paul Deng Chief Executive Officer
SHENYANG, China, March 7, 2006 (PRIMEZONE) — Great China International Holdings, Inc. (OTC BB:GCIH.OB – News) today announced the appointment of Zhiren (Paul) Deng as Chief Executive Officer, succeeding Fang Jiang, who will remain in the positions of Chairman of the Board and President.
Mr. Deng, 55, joined Great China as its Chief Business Advisor in November 2005. He previously was Chief Executive Officer of Sichuan Exposition Development Ltd., a multi-functional real estate project covering 800,000 square meters, located in Chengdu, Sichuan, China.
From 2003 to 2004, Mr. Deng was the Chief Consultant to Beijing Junefield Group, and for three years prior to 2003 he was Chief Executive Officer of Beijing X&D Property Consultants Ltd, which participated in the strategic planning and sales of more than 70 real estate projects in China. He is a frequent guest lecturer of Real State EMBA courses at Tsinghua University, Beijing University and Fudan University.
“We are pleased to have attracted an executive with the breadth of experience that Paul Deng brings to our company,” Mr. Jiang said. “He is widely known as the founding father of China’s real estate industry and highly respected throughout China. I am confident that under Mr. Deng’s leadership, Great China International Holdings will experience solid growth and deliver strong returns to our shareholders.”
Founded in 1989, Great China International Holdings’ wholly owned subsidiary, Shenyang Maryland International Industry Co., Ltd., is one of the largest non-state-owned real estate developers in Northeast China. The company’s core business is premium residential and commercial development and management. It currently owns and manages the President Building, which was completed in April 2002, with 25 tenants comprised of Fortune 500 companies. The company’s prior developments included the Maryland Building, Roma Resort Garden, Qiyun New Village, Peacock Garden, University Campus of Shenyang Teacher’s University, and Chenglong Garden, mostly located in Shenyang.
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