Is CNR China Metro Rural Holdings a Super Smart Stock???
China Metro-Rural Holdings Limited (the "Company") (Ticker: CNR) is a Company incorporated in the British Virgin Islands with its shares listed on the NYSE MKT.
The principal activities of the Company and its subsidiaries (collectively the "Group") are developments and operations of integrated agricultural logistics platform and rural-urban migration redevelopment in mainland China, which include construction, sales and leasing of agricultural trade centers, office premises, warehouses and life supporting facilities such as restaurants, hotels and residential dwellings, and assignment of development rights.
The Group's first agricultural logistics platform is located in Tieling City of Liaoning Province in Northeast China, known as Tieling Northeast Logistics City ("Tieling NLC"). Liaoning Province, together with Heilongjiang and Jilin Provinces, are known as the "Northeast Tri-Province", and are well known for their agricultural produces/products, such as corns, rice, barley, soybean, various nuts, agricultural machinery, etc. Liaoning is the largest economy among the Northeast Tri-Province and ranked 7th in China in terms of GDP in 2009.
The total planned site area of Tieling NLC is approximately 4 million square meters with maximum buildable gross floor area of over 8 million square meters.
The introduction of Tieling NLC to the area is a milestone both for the Company and Northeast China as Tieling NLC is the first logistics platform of its mega size with agricultural focus. NLC is also a major step toward a modern and transparent agricultural trading platform.
The Group's second project is located in Dezhou City of Shandong Province, known as Dezhou Northeast Logistics City ("Dezhou NLC"), which involved development of a logistics platform and redevelopment of existing markets. The total planned site area of Dezhou NLC is approximately 7 million square meters with maximum buildable gross floor area of over 15 million square meters.
The Group's latest project is located in Hengyang City of Hunan Province, which involve development of logistics platform under the brand name of China Glorious City. The total planned site area of 2.7 with maximum buildable gross floor area of over 7 million.
In addition to Tieling NLC, Dezhou NLC and China Glorious City in Hengyang, the Company is actively seeking potential projects in other regions of mainland China to expand its coverage.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.