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China Overseas Land, Central Holding jointly buy China site at 6.27B yuan

China Overseas Land & Investment Ltd. and Central Holding Group Co. Ltd. jointly acquired a 41,862-square-meter commercial land parcel in Shanghai at the reserve price of 6.27 billion yuan, Guandian reported.

The plot has a gross floor area of about 400,000 square meters.

As of Jan. 2, US$1 was equivalent to 6.96 Chinese yuan.