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Xinhu Zhongbao Co Ltd Jointly Acquires Land

Friday, 1 Mar 2013 07:00pm EST 

Xinhu Zhongbao Co Ltd announced that it has jointly acquired two plots of land measured 186,967 square meters in Leqing City in an auction, together with a Shanghai-based investment management company and a Shanghai-based investment limited partnership enterprise, at totally RMB 1.5272 billion. The Company holds 65% interest of the land.