Summary by Moomoo AI
Yuexiu Real Estate Co., Ltd. announced on April 16, 2024 that its subsidiary Hangzhou Yulee Industrial Investment Co., Ltd., successfully bid for the land of Unit C070201 Unit C070201, Unit 151b-19 in Zhongxing Community, Jing'an District, Shanghai, for approximately RMB15.97 million. The land covers an area of approximately 8,168.22 square meters with a total building area of 31,933.20 square meters, of which the building area is approximately 20,420.55 square meters and is intended as a residential site. Located in the heart of Jing'an District, close to many transportation, commercial, educational and medical facilities, the Board believes that this acquisition will help increase the Company's high-quality land reserves and consolidate its strategic position in Shanghai.