On January 18 2014, a formal contract was signed between Macrolink Group and Korea Trade-Investment Promotion Agency, a Korean government body, and Blackstone Resort Co., Ltd., in which it was agreed that Macrolink and Blackstone would jointly develop a resort (named “Samite Mansion” or “Jinxiu shanzhuang” in Chinese pinyin) in Jeju Island of South Korea. This marked the unveiling of Microlink’s overseas expansion.
 
The project will build resort hotels, luxury resort apartments and a Chinese food street, which will cover a floor space of 700,000 square meters and will be carried out in three phases within six years. An estimated amount of RMB10bn will be injected to fund the construction of a top-class resort in South Korea, even in the world.
 
Dacheng attorneys worked collectively with Sejong, a Korean firm, on the project for Macrolink and will continue to serve the client. The project team is composed of attorneys Wang Jie, Liu Qian, Jin Qilie and Li Guangguo.
 
Macrolink Group is a large modernized enterprise group operating in a wide range of business, including chemicals, mining, real estate, ceramics, liquor, finance and investment. It wholly owns, controls, and holds stock in over 70 companies, five of which are publicly listed. Its business covers more than 20 cities and municipalities in China and over 40 foreign countries and regions. The group, with total assets exceeding RMB30b, has a workforce of 40,000 capable of generating nearly RMB40bn of annual revenue.