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Poly Real Estate Group Co., Ltd. Jointly Acquires Land


Thursday, 7 Mar 2013 07:00pm EST 

Poly Real Estate Group Co., Ltd. announced that it has acquired a plot of land measured 182,415 square meters in Changchun at approximately RMB 875.72 million. The Company has also acquired two plots of land respectively with an area of 133,126 square meters and 133,367 square meters in Tianjin and Suining, for RMB 250 billion and RMB 300.08 million. The Company holds 51% interest of both the two land development projects. In addition, the Company also acquired a plot of land with an area of 62,463 square meters in Qingdao for RMB 1,319.05 million. The Company only holds a 50% stake in this Qingdao-based real estate project.