Aoyuan Unit Buys Land in Guangzhou for 669 Million Yuan
Stock Chart for China Aoyuan Property Group Ltd (3883)
China Aoyuan Property Group Ltd. (3883) said a unit bought land through public auction in Guangzhou for a total 669 million yuan yesterday.
The two parcels of land were auctioned by the Guangzhou land bureau and a third party, the company said in a statement to the Hong Kong stock exchange today. The land, in central district, Guangzhou south station, is designated for commercial and financial use, the company said.
The purchase will be funded from internal resources, it said.
To contact the editor responsible for this story: Nerys Avery at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.