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Yunnan Metropolitan to pump 3B yuan into Chinese development project

Yunnan Metropolitan Real Estate Development Co., Ltd will inject approximately 3.00 billion yuan into a property development in Kunming in China's Yunnan province.

The project spans a total land area of about 438,380 square meters.

Under the terms of Yunnan Metropolitan's investment, construction must not exceed two years.

Earlier in the week of Dec. 11, a unit of the company clinched four land plots in Dali, Yunnan, for a total of 1.37 billion yuan.

As of Dec. 11, US$1 was equivalent to 6.62 Chinese yuan.