January 30, 2013
ZHUHAI, CHINA--(Marketwire - Jan 30, 2013) - Realgold International, Inc. (OTCBB: REGO) announces that Realgold Venture Pte Limited ("Realgold Venture"), REGO's Hong Kong subsidiary, Zhuhai Tengda Business Hotel Co., Ltd. ("Tengda Hotel"), REGO's China subsidiary, and Tan Lung Lai, REGO's president, have entered into a non-binding letter of intent with Zhuhai Tengfei Investment Co., Ltd. ("Tengfei Investment"). Under this letter of intent, Tengda Hotel will enter into an operating agreement with Tengfei Investment to acquire the exclusive right to manage and operate Tengda Mansion, an apartment suite hotel in Zhuhai, China. In addition, Realgold Venture and Tan Lung Lai will enter into an agreement with Tengfei Investment to turn their previous loans (approximately RMB 8,000,000 Yuan or approximately US $1,275,918) to Tengfei Investment into the investments in Tengda Mansion and acquire title and ownership of Tengda Mansion.
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