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China Merchants Land wins site in auction for 141.6M yuan

China Merchants Land Ltd. acquired a commercial site in Xi'an city in China in an auction for 141.6 million yuan.

The plot, located in Xi'an International Trade & Logistics Park, has a total site area of 20,288 square meters and has a maximum gross floor area of 111,579 square meters, the company said in a Sept. 20 statement.

As of Sept. 20, US$1 was equivalent to 7.09 Chinese yuan.