Euro Asia Premier Real Estate Company Limited (DB:JT9) announced its result of its AGM. Patrick P.L. Chan, Chairman and Chief Executive Officer of Euro Asia said, ""The unanimous approval of our acquisition of Weihai Ming Cheung for a total consideration of CNY 400 million (approx. €48 million), moves Euro Asia to Weihai, Shangdong.

This investment fulfills our ambition to expand into other parts of the Province of Shandong and to raise our profile, while at the same time allowing us to pursue new opportunities outside of Weifang. We are in discussions with our capital market advisers to explore alternative ways of raising capital in order to further strengthen our financial base for future acquisitions and project development," Mr. Patrick P.L. Chan, Chairman and Chief Executive Officer of Euro Asia explained.