China tycoon sets sight on Norway, plans to invest US$111mil


SHANGHAI: A Chinese property tycoon shut out by Iceland after he sought to buy a vast tract of the country is turning his attention to Norway, he told AFP.

Huang Nubo, founder of Chinese property firm Zhongkun Group, said in a telephone interview that he still wants to develop high-end resorts in northern Europe and plans to invest 80 million euros (US$111mil) in Norway over the next five to 10 years.

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