ASC Global Inc., a wholly owned subsidiary of Token Communities (OTC PINK:TKCM), has executed a Letter of Intent to acquire 749 acres of development site in Texas for an industrial park that will have Asia-Pacific manufacturers as tenants.
According to the company, this project will encompass 32 million square feet in an Opportunity Zone (OZ) on Interstate 10 outside of Houston. This project will be a mixed-use Master-Planned Development with Industrial Section, Office Section, Expo Section, Logistic Section, Residential Section and Commercial Section to accommodate and fulfill the various needs and demands of those foreign companies and their employees.
ASC Global stated it seeks to accommodate over 100 companies and creating over 10,000 new jobs in this industrial park. In launching what it has dubbed an Asia-Pacific OZ Industrial Park, ASC Global noted that “many manufacturers in Asia have started to set up production facilities in the US to avoid the expensive import tax and special tariff” that could be enacted when Donald Trump returns to the presidency.
The company added that “more than a handful of Chinese companies expressed strong interests in moving in and establishing manufacturing bases in this park, including a recreational electric vehicle company, a modular home manufacturer, an electric scooter manufacturer, an herbal supplement company among many others.”
