CD International Enterprises, a provider of industrial commodities in China and the Americas, and provider of business and financial corporate consulting services, today said that Capital One Resources Ltd. has entered into an agreement with AEGEA, Inc. to provide consulting services to AEGEA’s planned EB-5 funding program for a mega-resort destination and international community in Florida. Capital One Resources is a Brunei company with operations in Shanghai, China, and is owned and operated by CDII’s wholly owned subsidiary, CDI Shanghai Management Co. Ltd.
Commenting on this agreement, Dr. James Wang, CEO of CDII, stated, “We are very excited to work with AEGEA as we expand our China-based consulting efforts in this area. EB-5 projects represent a unique opportunity for our company to leverage our resources and skill set in China to attract outbound investments. Through our infrastructure and extensive network in China, we believe we can provide a gateway for companies seeking to fund opportunities through this program with capital from China. We have been working diligently to lay the groundwork for this new consulting opportunity in recent months and we are excited to begin with AEGEA to build what we see as a very profitable and long-term revenue stream for our consulting business.”
AEGEA president and CEO Keith Duffy stated, “We believe our agreement with Capital One represents a significant step forward in building the foundation for our EB-5 program in China. Capital One and its parent companies have over a decade of experience in the complexities of cross border transactions and an extensive network of contacts in China making them well positioned to help spearhead our efforts in China. The vast majority of EB-5 investors have historically come from China, and I believe this trend will continue. As a public company, and having a broker-dealer as our placement agent, we feel that our project gives Chinese investors an added layer of oversight.”
Under the USCIS EB-5 Investor Program, some foreign investors are eligible for application to conditional lawful permanent residency in the United States if they can show their at-risk investments are creating jobs in the states. This program’s aim is to bolster and strengthen American economic performance through increased foreign investment, whether through creation of jobs or the providing of venture capital. The minimum required EB-5 for qualification is $500,000, and the project the investment will fund must be in a Targeted Employment Area (TEA), which is an area within the United States that is designated as rural or having high unemployment. AEGEA is expected to qualify as TEA, and the securities offered in this particular EB-5 program will not be sold in the U.S.
China has emerged as the leading market for EB-5 investors, with Chinese EB-5 applicants representing 80 plus percent of total 2012 applicants. They are said to have generated $1.8 billion in total investment that year. A strong majority of all EB-5 investments are noted to come through commercial real estate projects, as AEGEA’s own EB-5 project designs are designated.
More information regarding CDII can be found at: www.cdii.net
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