Chinese Billionaire Interested in Buying Bulgarian Town

Business » PROPERTIES | April 1, 2009, Wednesday // 09:14
Bulgaria Chinese Billionaire Interested in Buying Bulgarian Town: Chinese Billionaire Interested in Buying Bulgarian Town Chinese billionaire, YU Xin Su, is interested in buying Pazardzhik. Photo by actualno.com

Chinese billionaire, Yu Xin Su, wants to buy the Bulgarian town of Parardzhik because of the rice plantations that surround the town.

Su, 55, is prepared to pay EUR 1 B to the municipality of the town to be permitted to settle in and "change totally" the town situated in the Thracian valley.

His intentions are to turn the region into a vast rice plantation and to build an automobile plant, the Standart newspaper reported Wednesday.

The eccentric businessman was born in Shanghai but for 10 years has been living in Los Angeles. He made his fortune by trading in Chinese consumer goods.

It was fine quality rice that attracted Yu Xin Su to the town of Pazardjik. He learnt about the town on the Internet and became more enthusiastic about it after meeting Bilyana - a Bulgarian girl from Pazardzhik.

She introduced him to the history of the region. Bilyana told him that before World War II there were large rice fields in the vicinity of Pazardzhik. The businessman was inspired by the information and shared with his wife the idea to buy the town. She also embraced the idea and posted information in various forums.

The proposal of Yu Xin Su is to finance the town's budget for the next five years. In exchange he will make rice plantations around the town and build a plant for cars and aircraft. The businessman has no intentions to interfere with the governing of the town, assures Bilyana. So far, however, Pazardzhik municipality has not received an official offer from the Chinese businessman.

Happy April Fool's Day!

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Properties » Be a reporter: Write and send your article
Tags: chinese billionaire, Yu Hin Su, Pazardzhik, rice

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria