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ASF Group Updates Gold Coast Integrated Resort Development

ASF Group (ASX:AFA) and its consortium partners have lodged the Request for Detailed Proposal with the Queensland Government in relation to the next stage of their proposal for the Gold Coast Integrated Resort development.

The development is a multi-billion integrated resort and cruise ship terminal that could create 1300 construction jobs and more than 10,000 ongoing operational jobs.

It also includes a marina, retail entertainment, hospitality, community open space, recreation facility and residential development.

Over the past few months, AFA has commissioned a range of studies to identify gaps in available technical and environmental information to ensure information needed to commence the next stage of project assessment and approvals.

Some of this includes modelling of tidal flows to show reduced flooding impact, traffic modelling, ferry terminal logistics and marine modelling to future proof the cruise ship terminal location.

AFA has also identified a need for more environmental studies such as migratory bird count and a better understanding of the dugong population.

The development of the resort and cruise ship terminal is a large scale undertaking with its consortium partners.

Unique ASX Company

AFA is unique among ASX-listed public companies in Australia.

It is a Sino-Australian investment and trading house which focuses principally on the identification, incubation and realisation of opportunities in areas of synergy between China and Australia.

These include ventures involving oil and gas, resources, property, infrastructure, travel and financial services.

It recently raised $10 million via a fully underwritten rights issue at $0.18.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.