SOHO not interested in Macau’s casinos

Saturday, 20 February 2010 07:31

The chief executive of property developer SOHO China, Zhang Xin, is not interested in investing in Macau’s casinos due to her religious beliefs.
Speaking to the Financial Times, Zhang who heads one of China’s biggest commercial property development companies said that she converted to the Bahai faith in 2005 and that it influenced her business. 

“Being a Bahai has transformed me,” she said. “Without [it] I would have blindly pursued profits at any cost. But now I will make choices. For example, I am not prepared to invest in casinos in Macau even if it makes huge returns. I’ve long passed that stage of blindly pursuing growth and profits.”
Founded in 1995 by Chairman Pan Shiyi and CEO Zhang Xin, SOHO China is one of the industry leaders in developing high-profile branded commercial properties in central Beijing and Shanghai.

The company collaborates with internationally-recognized architects, translating their innovative designs into iconic real estate which possesses strong appeal to property investors and the local businesses and customer bases which they serve.

http://www.macaudailytimes.com.mo/macau/8901-SOHO-not-interested-Macaus-casinos.html