A conference on the green development of Yangtze River Economic Belt was held in Changzhou on January 9. At the conference, together 17 programs, including the project of Reignwood Group, the “Innovative Medical Valley” project and the “Oriental Carbon Valley” project, were signed with total investments of 20.3 billion yuan. Among them, Reignwood reached a comprehensive cooperation agreement with Changzhou National High-Tech District (CND) to build its Eastern China headquarters with an initial investment of 10 billion yuan, making it the city’s first 10-billion-yuan project signed in 2021.
Reignwood Group, founded by Chanchai Ruayrungruang (also known as Yan Bin), a Chinese-Thai businessman with a strong interest in China's economic success, is an international company with branches and subsidiaries worldwide. The company now operates in multiple business segments. In 2019, the firm's global revenue exceeded 100 billion yuan.
Under the terms of the agreement, Reignwood plans to invest 30 billion yuan in the aggregate, including an initial amount of 10 billion, in projects covering several strategically-positioned industries such as fast-moving consumer goods, sustainable healthcare and financial leasing.
The huge investment supported by the partnership with CND demonstrates Reignwood's commitment to accelerating its growth by leveraging the opportunities presented by the implementation of government strategies in association with the growth of the Yangtze River Economic Belt and the integrated development of the Yangtze River Delta region, alongside the ongoing construction of Changzhou's High Speed Railway New Town.
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