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China Merchants Land Limited announces acquisition of land

Thursday, 2 Jan 2014 05:00am EST 

China Merchants Land Limited:Says on Dec. 30, 2013 Harpen Compnay Limited, a non wholly-owned subsidiary of the Company, has obtained the Land Transfer Confirmation for the land use right of the land parcel.Says the land parcel is in Foshan City, Guangdong Province, the People‚Äôs Republic of China for a total consideration of RMB1,042.8 million.Says the Land is designated for a mix of residential usage and wholesale and retail usage, the term for residential usage is 70 years and for wholesale and retail usage is 40 years. 

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0.02 +0.83%
3:59am EDT