China New Cities Development (“CNC” or “the Company”) will be the surviving company after the acquisition of Sing Kung, Limited (hereinafter “Sing Kung”) by InterAmerican Acquisition Group Inc., a US public company.

Sing Kung, through its Chinese operating companies, deliver turnkey solutions to municipalities seeking for new infrastructure development, urban land improvement, and older-city redevelopment. Partnering with leading designers and construction firms in China, Sing Kung finances, manages and oversees construction projects, after its strategic analysis. Applying its BT model, Sing Kung helps selected municipal governments overcome serious constraints in financial and project management resources, so as to quickly unlock local economic development potentials.

Sing Kung's management team boast strong experience and enjoy high reputations in infrastructure development and urban planning community, which include Chairman Mr. Gao Jiping, a former chief economist with China Development Bank, and Chief Urban Planning and Architecture Office Mr. Zhou Moulong, a former Dean of Urban Planning and Architecture Department of Tongji University. CEO Mr. Wu has spent his entire career in the urban infrastructure development sector in China. From his leadership position in the National Development Reform Committee (“NDRC”) and the China Development Bank, he has developed great insights on urban infrastructure development plans formulation and approval process, as well as institutional lending practice in infrastructure projects.

The Company’s mission is to become China’s leading provider of turn-key services in urban planning, urban infrastructure development and redevelopment projects.