China Xinhua Education Group Limited (02779) said for the establishment of a new campus, the School of Clinical Medicine of Anhui Medical University entered into an agreement with the Hefei Natural Resources and Planning Bureau. It has acquired the land use right of a target land by way of tender at a total consideration of RMB227.29 million.
The target land is located at Shushan District, Hefei City, Anhui Province, the PRC with a total area of 151,524.21 sq.m., and the planned use is for educational, research and medical purposes. The term of the land use right is 50 years.
School of Clinical Medicine of Anhui Medical University is an independent college of Anhui Medical University established under the laws of the PRC in 2003 and currently jointly operated by the group and Anhui Medical University.