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Shanghai New Huangpu unit to inject 220M yuan into Suzhou, China, development

A unit of Shanghai New Huangpu Real Estate Co. Ltd. plans to invest 220.0 million yuan into a development project in Suzhou, China.

According to a release, the Chinese developer's subsidiary's investment period will span a term of 12 months, with a projected yield of 14%.

Total development costs for the project are not expected to exceed 1.18 billion yuan.

As of March 2, US$1 was equivalent to 6.36 yuan.