trending Market Intelligence /marketintelligence/en/news-insights/trending/ucJj2Esi33RFwoQ9XBiJhQ2 content esgSubNav
In This List

Far East Consortium unit buys Shanghai site land-use rights for 402M yuan

Blog

Infographic: Key questions when assessing an Alternative Investment Funds (AIFs) creditworthiness

Blog

Perspectives from China: Chinese M&A in 2022

Blog

Headwinds slow global M&A in Q2’22

Blog

New Corporate Realities: The Next Generation of Managing Risk and Operations


Far East Consortium unit buys Shanghai site land-use rights for 402M yuan

A unit of Hong Kong-based real estate developer Far East Consortium International Ltd. acquired the land-use rights of a 29,611.7-square-meter site in Shanghai's Baoshan District for approximately 402.4 million yuan.

Shanghai Chingchu Property Development Co. Ltd. plans to develop residential properties on the site, which is part of the company's California Garden township project. The properties will be leased to tenants.

The company will finance the consideration through its internal resources.

As of Dec. 17, US$1 was equivalent to about 6.90 yuan.