Global Sources to Buy Additional Shenzhen Office Space to Accommodate Expansion

Global Sources to Buy Additional Shenzhen Office Space to Accommodate Expansion US$34.7 Million Invested in 6,364.5 Square Meters Grade-A Office Space Located in the Heart of Shenzhen's Central Business District HONG KONG, July 21 /Xinhua-PRNewswire-FirstCall/ -- Global Sources (Nasdaq: GSOL) has entered into contracts to purchase additional office space in Shenzhen's Central Business District, which will be leased to the Company's sales representatives, as part of their China expansion. (Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b ) The total purchase price for the 6,364.5 square meters (gross) space, which consists of 3 floors in the Shenzhen International Chamber of Commerce Tower, is RMB 238 million (approximately US$34.7 million), and the completion of the property purchase is expected to occur in... [read full story]