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CHI MER LAND buys land use right in Xi’an City
23 Sep 2019
(Infocast News) China Merchants Land (00978) announced that Nanjing Zhaoping Lisheng, an indirect non-wholly owned subsidiary of the company, has successfully won a bidding in respect of the land use right of the land situated at Xi’an City of the PRC at the price of RMB141.6 million.

The land is situated at South of Liuxin Road, West of Gangwu Xi Road, Xi’an International Trade & Logistics Park, Xi’an City, Shaanxi Province, the PRC. The land has a total site area of 20,288 sq.m. and the total capacity of building area is less than or equal to 111,579 sq.m. The land is designated for commercial usage with a term of 40 years. (WL)
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