China Overseas Land & Investment (HK:0688) has released an update.
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China Overseas Land & Investment, through its subsidiary CODG, successfully acquired land use rights in Shenzhen in partnership with Shenzhen Runtou for approximately RMB18,512 million. The acquisition aligns with the company’s strategic objectives in property development, with plans to develop the land for residential, commercial, and infrastructure purposes. This move is seen as a significant step in enhancing the company’s market presence and long-term growth prospects.
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