South East Group (00726) said it entered into a project investment agreement with the Government in Yongning District of Nanning City to acquire a parcel of land of 180 mu through tender, auction or listing-for-sale from the relevant PRC authority.
It is expected that South East Group will develop on the land, a project titled China Minsheng Drawin Green Construction Technology Park (Guangxi), which involves the research and development, design, production and sales of intelligent and environmental friendly building construction technology and materials.
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