China South City (01668) said it has successfully bid for the land use rights of certain lands in Zhengzhou City with an aggregate site area of about 959,620 square metres at Rmb1,570.68 million.
The lands are intended to be used for the development of the construction and development of a large-scale integrated logistics and trade center in Zhengzhou City, Henan Province. It is currently anticipated that part of the properties to be developed on the lands under the Zhengzhou project will be offered for sale and part of which will be retained by the Group for rental purposes.