Golden Wheel Tiandi (01232) said it succeeded in the public auction to acquire the land-use-right of a land parcel in Yangzhou City, Jiangsu Province, the PRC for about Rmb162.5 million.
The land parcel is situated at south of Molihua Road, east of Weiyang Road, north of Xincheng River, Yangzhou City, Jiangsu Province, the PRC with a total site area of about 10,682 square metres and its plot ratio shall not exceed 3. The land parcel is designated for residential use with a term of 70 years.
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