Arem Pacific Corporation Signs Definitive Agreement to Develop Lakeside Resort in China

Oct 17, 2013, 18:59 ET from Arem Pacific Corporation

SCOTTSDALE, Ariz., Oct. 17, 2013 /PRNewswire/ -- Arem Pacific Corporation ( OTC: "ARPC") today announced it has signed a definitive agreement with the city of Changde in Hunan, China, to develop a lake side resort. The lake, Liuyehu, is rated AAA for tourism in China and is three times the size of West Lake in Hangzhou. AREM has secured a prime lake side land of about 290 acres to develop a resort that offers water, land and air recreational sports and upscale convention and lodging facilities.

Thomas Tang, president, commented, "Our management team is in China right now to work on this lakeside resort; in addition, we are doing due diligence on a couple other opportunities in mining and retailing businesses."

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SOURCE Arem Pacific Corporation