Road King Infrastructure (01098) said it was successful in its bid jointly with Shanghai International Autocity (Group) Co., Ltd. for the land use right of a piece of land of 72,378.1 square metres in Jiading District, Shanghai for residential use at Rmb1,205 million.
The land will be developed by the single-purpose JV company to be established and owned as to 90% and 10% by Road King Infrastructure and the JV partner.
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