Summary by Moomoo AI
Yuexiu Real Estate Co., Ltd., on 29 February 2024, successfully bid for land No. BK202402 of Hefei's Hamco City, Binko City, Hefei City, for RMB 1,414,250,000, through its subsidiary Wuhan Kangjing Industrial Investment Co., Ltd., which actually holds 99.638% interest. The land covers an area of 39,334.02 square meters with a total building area of 114,014.39 square meters, of which the building area is approximately 78,668.04 square meters and is intended as a residential site. The land is located in the province of Binhu, with good facilities around it and is close to several major city roads and rail transport. The Board of Directors said that the acquisition will increase the company's reserves of quality land, helping to consolidate its strategic position in Hefei.