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00152 SHENZHEN INT'L
RTNominal up6.010 +0.040 (+0.670%)
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07/01/2020 11:20

Shenzhen Int'l (00152) gets two Qianhai land parcels

[ET Net News Agency, 7 January 2020] Shenzhen International Holdings Limited (00152)
said two wholly-owned subsidiaries of the company entered into two land use right transfer
agreements separately with the Authority of Qianhai Shenzhen-Hong Kong Modern Service
Industry Cooperation Zone of Shenzhen.
The total land area is 41,200 square metres, with plot ratio-based gross floor area of
110,000 square metres (mainly residential use area). The total price for the land transfer
is RMB2,249 million. The above two land parcels represent the land swap contemplated in a
land consolidation and preparation agreement.
Based on the current preliminary estimate, the entering into of the two land transfer
agreements is expected to bring about RMB2,187 million profit before taxation to the
group's 2019 annual results. (RC)

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