C&D International Investment Group Wins Bid For Land Use Rights Worth CNY3 Bln

 

Via nikkei.com

By Hong Kong NewsroomNikkei Markets   HONG KONG (Oct 31) — C&D International Investment Group, a Hong Kong-listed property development company, said Tuesday its unit Yi Yue has successfully won the bid for the land use rights for CNY3 billion ($452.67 million).

The company plans to fund the acquisition through shareholder’s borrowing, it said in an exchange filing.

C&D International plans to develop the land, located at the business district of Xidong New City, Wuxi, Jiangsu Province, China, as a residential and commercial project, it said.   – By Hong Kong Newsroom; hkeditorial@nikkeinewsrise.com; +852 3960 5102- Edited by Lopamudra Bhattacharya- Send Feedback to feedback@nikkeinewsrise.com- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

 

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