[ET Net News Agency, 20 September 2018] Kerry Properties (00683) said its wholly-owned
subsidiary Kerry Properties (China) (KPCL) successfully won the land bid to acquire the
land use rights of the land in Wuhan through public bidding at the consideration of
RMB6,425 million (approximately HK$7,388.75 million).
The bidding deposit of HK$3,669.63 million has been paid prior to the land bid and the
balance of the consideration shall be payable in accordance with the confirmation
agreements.
The land, designated for residential and commercial uses, is located at south of Minquan
Road, north of Taiyuan Street, west of Hualou Street, east of Minzu Road, Jianghan
District, Wuhan City, Hubei Province, the PRC, with a site area of 64,664 square metres.
(SC)