This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Daiwa House Establishes Joint Venture Company With China's Baoye Group

TOKYO, March 7, 2013 /PRNewswire/ -- Daiwa House ( China) Investment Co., Ltd., a subsidiary of Daiwa House Industry Co., Ltd., signed a contract on February 22 to establish a joint venture company with Baoye Group Co., Ltd. The Baoye Group is a corporate group engaged in the general construction and real estate development businesses in the People's Republic of China. The joint venture company is scheduled to be established in September 2013 under the name of Baoye Daiwa Industrialized House Manufacturing Co., Ltd.

(Photo: http://prw.kyodonews.jp/prwfile/release/M000427/201303060337/_prw_OI1fl_D7w3kjit.jpg )

Beginning in September 2013, Baoye Daiwa Industrialized House Manufacturing will manufacture at its dedicated industrialized housing plant various parts -- including columns, beams, trusses, exterior wall panels and roof panels -- for lightweight steel frames used in low-rise housing units, and sell them to housing development companies within the Baoye Group as well as provide installation and erection supervision services.

In 2014, as the first stage, Baoye Daiwa Industrialized House Manufacturing will begin supplying these parts to the Kuaijishan Four Seasons Garden Development Project, a high-class resort development project in the city of Shaoxing, where Baoye's developer Shaoxing Baoye Four Seasons Garden Real Estate is currently selling housing units.

Subsequently, Baoye Daiwa Industrialized House Manufacturing is scheduled to sell these parts for Baoye's Zhitang Hu Development Project, as well as to government-owned and other general development corporations.

About Daiwa House Industry Co., Ltd.The company is headquartered in Kita-ku, Osaka. Its President is Naotake Ono.

About Daiwa House ( China) Investment Co., Ltd.The company is headquartered in Suzhou, Jiangsu. Its President is Keiichi Yoshii.

About Baoye Group Co., Ltd.The company is headquartered in Shaoxing, Zhejiang. Its Representative is Pang Baogen.

Contact: Kai Sano Corporate Communications Department Daiwa House Industry Co., Ltd. Tel: +81-6-6342-1381 E-mail: k-sano@daiwahouse.jp

SOURCE Daiwa House Industry Co., Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs