Are negotiations ongoing with Howard Johnson?
Yes. SVAM has in contact with the developer, Shanghai Greenland Business Group since late October. Howard Johnson is hired by Greenland to manage the building; they are not the party sign the current lease contract with you.After fail to receive the formal communication regarding the lease for the next 7 years from Greenland, SVAM has authorized Zhong Lun Law Firm to send letter demanding the cooperation and provide us financial statement from previous year’s operation.