Taiwan Qunguang Group determined to chase investment to the project of “Qunguang Store Marktplatz” located at Chunxi Road with total investment from RMB500m-800m to 1.2b to build a 37-storey building. On July 18, Xu Kuntai, President of Taiwan Qunguang Group officially announced in Sichuan the news of increase of capital and expressed “Qunguang is still confident in investment in Sichuan owing to Sichuan’s good investment environment without being affected by the earthquake.”
After the May 12 quake, Qunguang Group has donated RMB20m to the disaster area. The reporter witnessed at Chunxi Road the land removal of Qunguang square has been completed and is presently in the course of civil engineering. According to introduction, in November, 2003, the project of “Qunguang Store Marktplatz” was kicked off in Chengdu, covering a total area of 187,400 square meters. At present, the company has invested more than RMB500m. After its completion, the business varieties include international competitive products, Hyatt Hotel (Junyue), popular general merchandise and international restaurant and food as well as entertainment.