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Country Garden acquires Ningbo, China, land plot for 1.63B yuan

Country Garden Holdings Co. Ltd. acquired a residential plot in Ningbo, China, for 1.63 billion yuan, according to China Internet Information Center.

The land parcel measures 80,859 square meters.

The transaction price reflects a 48.6% premium to the 1.10 billion yuan starting bid price.

As of May 30, US$1 was equivalent to 6.90 Chinese yuan.