David Chow anticipates 300 mln yuan a year from new paper mill venture

Co-chairman and chief executive officer of Macau Legend Development David Chow Kam Fai has invested in a high-tech, environmentally friendly paper mill in China, hoping the new business can bring him profits of between 200 million and 300 million yuan per year.
The company that the local entrepreneur has poured money into – Anhui Geyi Bio-refineries Industrial Park Ltd. – started production on Sunday.
Describing the new investment as very meaningful, Mr. Chow told reporters on the sidelines of the company’s launch ceremony that the ultimate goal is to list the new company on the Shanghai Stock Exchange, according to local Chinese-language newspaper Macao Daily.
In fact, the Macau Legend boss invested in the company under his own name. He perceives that there are unlimited business opportunities in Mainland China, and urges the city’s enterprises, especially small and medium sized ones, to not only eye Portuguese-speaking countries but to get out of the city.
In addition, he hopes that the Mainland authorities will be more confident in companies from the Special Administrative Region and offer more favorable conditions for Macau companies expanding their businesses in the country.
On the other hand, Mr. Chow believes his new environmentally friendly project is the best way to respond to China’s ‘One belt, One road’ policy, claiming his project can be a pilot for bringing local enterprises in line with the international market.
He also reckons that businesses involving renewable energy applications will lead the emerging industries, indicating his new business will also boost the development of its supporting industries.