Originally Posted by
Holden_C
Here's an excerpt from Topsprings filed accounts.
Our Group’s relationship with the Scarborough Group dates back to 2003, when Dr. McCabe, the founder and chairman of the Scarborough Group, first cooperated with our Founder and Chairman, Mr. Wong, in the development of Changzhou Landmark by providing funding to the project by way of subscription of loan notes. Since 2003, the core management team of the Scarborough Group has met regularly with our core management team. The Scarborough Group has been influential in assisting our Group in establishing our business relationships overseas by introducing overseas investors with the potential to provide funding to us. Although we have retained daily management and control of our projects in which the Scarborough Group has been involved, we believe that our cooperation with the Scarborough Group has greatly improved our corporate image and reputation among investors, government officials and customers in the PRC. In addition, the Scarborough Group’s extensive international network has also helped us to establish relationships with professional parties in project management and with other areas of expertise. Additionally, in September 2010, we entered into a strategic partnership framework memorandum with a domestic strategic partner, the Rainbow Group. Through our relationship with Rainbow Group, we believe that we are in a strong position to secure it as an Anchor Tenant or co-developer in future retail developments.
2003.