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Jingrui Holdings Ltd announces acquisition of land use rights in HANGZHOU, The PRC

Tuesday, 7 Jan 2014 07:06pm EST 

Jingrui Holdings Ltd:Says Gainful Harmony and Huzhou Jingrui, each an indirectly wholly-owned subsidiary of the company, succeeded in the bid of the land use rights of the Land [2013] No. 105 and Land [2013] No. 106 offered for sale by Hangzhou Land Bureau at the Auction on Jan, 7.Says the acquisition is at the price of 1,105 Yuan mln (equivalent to about HK$1,403.0 mln) and 971.5 Yuan mln (equivalent to about HK$1,233.4 mln), respectively.Says the auction confirmations were issued by Hangzhou Land Bureau to Gainful Harmony and Huzhou Jingrui, respectively, on Jan. 7.Says the land use rights grant contracts in relation to the Acquisition will be entered into on or before Jan. 14. 

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2:58am EST