"To ensure the Singapore listed entity’s sustainable development, we intend to inject a component of the Mount Yuntai project which will be its first good project – being Tianjie Yuntai Wanrun (Xiuwu) Property Development Co., Ltd.," said Mr Fan.

"As the listed company grows, other entertainment projects such as a water world theme park will gradually be injected into it. There are also plans for the listed company to develop other innovative cultural tourism projects," he said.