SINGAPORE (Aug 24): Surbana Jurong announced that it has today signed a memorandums of understanding (MOUs) with Ping An Trust, a subsidiary of Ping An Insurance, to collaborate on the development of industrial new township projects in China.

An industrial new township is a people-centric development model that integrates industrial developments and urban living to create sustainable cities for industrial and residential uses.

Under the MoUs, the duo will collaborate in the development of industrial new township projects, with Shenzhen International Bio-Valley Industrial Park as their pilot project.

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