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10 January 2002 - The Ascott Group and BFISC launch a new cooperation


A toast

On 10 January 2002 the Ascott Group and BFISC officially launched the "The Ascott Property Management Co. Ltd." during a ceremony held in The Ascott Beijing.

The event marks one more step in a long cooperation between the Ascott Group and BFISC.The Ascott Group has currently two serviced apartments properties in Beijing: The Ascott Beijing (near the World Trade Center) and the Somerset Fortune Garden Beijing (in front of the German School) BFISC has been deeply involved in assisting the Ascott Group in setting up its activities in Beijing. As Mr. Mao Daqing, deputy general manager of CapitaLand Groups quoted in an interview with Beijing Today (3 May 2002):
"BFISC assisted the firm in finding the right site for its Ascott apartments, slashing through regular red tape procedures and approvals".

The Ascott Group is a global property developer and manager of premium quality serviced apartments with a portfolio of 9000 units of quality accommodation in 17 cities in 10 countries.
Their website: www.the-ascott.com

The Ascott Group already is present in Shanghai and Tianjin. The Ascott Group is part of the CapitaLand Group (Singapore) who already invested over one billion yuan in Beijing.

Many senior representatives from CapitaLand Group and The Ascott Group (Singapore and Beijing) attended the ceremony, such as:
- Mr. Liew Mun Leong, President & CEO of CapitaLand Limited
- Mr. Tham Kui Seng, CEO of CapitaLand Residential
- Mr. Paul Chio, Chief Representative of CapitaLand Residential Beijing

The Chinese side was represented by a large team from BFISC, led by Mr. Sun Changtai, director as well as Mr. Chen Gang (Chairman of CCPIT Beijing).
See attached the speech delivered by Mr. Sun Changtai.

On 22 September 2001 BFISC delegates also spend one full day visiting The Somerset and The Ascott to admire the luxurious installations and the ongoing construction and
to give comments and suggestions.

For inquiries: see with Ms. Natassha Liao, Ass. Director of Sales, Tel : 010-65678100

Click the picture to enlarge.


The signing ceremony

Mr. Liew Mun Leong with G. Van Kerckhove

The tasteful lobby of the Ascott

Mr. Sun Changtai delivers his speech, with Ms. Zhang Xuhong

Mr. Sun Changtai receives a gift from Mr. Liew Mun
Leong

Visiting The Ascott

Visiting The Somerset

Gilbert in good company: Xuhong and Natassha