SkyOcean International (00593) said it has succeeded in the bid of the land use right of the piece of land in Suzhou, the PRC at about Rmb135 million.
The land has a total site area of 25,706.6 square metres and is designated for commercial use (including wholesales, retails, hotels and food and beverages).
SkyOcean intends to utilize the land for construction and sale.