Business
Kadestone Capital Corp. Announces Letter of Intent with Taisheng International Investment Services Inc.
Kadestone Capital Corp. Announces Letter of Intent with Taisheng International Investment...
About this update from Kadestone Capital Corp.
[{"type":"text","content":"\n \n \n \n Kadestone Capital Corp. Announces Letter of Intent with Taisheng International Investment Services Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n VANCOUVER, BC,\n \n Dec. 3, 2020\n \n /CNW/ - Kadestone Capital Corp. (TSXV: KDSX) (the \"Company\" or \"Kadestone\") wishes to announce that it has entered into a non-binding letter of intent (the \"Letter of Intent\") with Taisheng International Investment Services Inc. (\"Taisheng\") regarding the further development of the Qinghuangdao Economic and Technological Development Zone (\"QETDZ\") Industrial Park in\n \n Terrace, BC\n \n further strengthening the Company's building procurement business in\n \n Canada\n \n .\n \n \n \n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n The Company will pursue the leasing or purchasing of approximately 200 acres of the QETDZ Terrace Industrial Park from Taisheng\n \n \n This forms a key milestone towards establishing Kadestone as a market leading vertically integrated property company with a robust global network of partners, suppliers and investors\n \n \n Upon successful completion of the transaction, this project in\n \n Terrace\n \n will be used as a key staging, storage, and assembly site to expand the Company's building materials procurement business\n \n \n \n Terrace's\n \n proximity to the port of\n \n Prince Rupert\n \n , a highly cost-effective international shipping port, represents a good opportunity to fully utilize Kadestone's global relationships\n \n \n The relationship with Taisheng will ideally expand to leverage the Company's expertise and services to assist in the development of further opportunities at the QETDZ Industrial Park\n \n \n Both parties will promptly begin legal negotiations with the goal of reaching one or more definitive agreements on or prior to\n \n June 1, 2021\n \n \n \n \n \"We are excited to enter into this LOI with Taisheng to further pursue this opportunity,\" said\n \n Brent Bi...