trending Market Intelligence /marketintelligence/en/news-insights/trending/ovthmjp5ulwyog2jkh00da2 content esgSubNav
In This List

China Resources Land pays 5.72B yuan in May for 5 land parcels

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Infographic

Infographic: The Big Picture 2023 Sustainability Outlook

Blog

The Big Picture for 2023: Assessing Investment Trends and the Impact of Investor Activism


China Resources Land pays 5.72B yuan in May for 5 land parcels

China Resources Land Ltd. purchased five land parcels in May for a total of nearly 5.72 billion yuan.

The land plots have a combined area of about 481,162 square meters and are in Tangshan, Zhengzhou, Beijing and Ningbo in China, with another in Hong Kong.

For the year-to-May period, the Hong Kong-based real estate developer paid about 39.45 billion yuan for stakes in 30 land parcels.

As of June 13, US$1 was equivalent to 6.40 Chinese yuan.