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Chen Xing Development (02286.HK) has won the bid for two commercial and residential plots in Taiyuan City for over 0.54 billion RMB.
chen xing (02286.HK) announced that it has successfully bid for two commercial land parcels located in the Jiancaoping District of Taiyuan City, with a total price of 0.544 billion RMB, to be repaid by the local government.
Chen Xing Secures Strategic Land in Taiyuan
Chen Xing Development (02286.HK) acquires land use rights in Jiantiao Ping through the government's repayment of funds.
Glory Times reported on October 21st that chen xing (02286.HK) announced that on September 23, 2024, its indirect wholly-owned subsidiary, Taiyuan Chenya real estate development Co., Ltd. ("Taiyuan Chenya"), successfully won two plots of land in Jinci District, Taiyuan City (referred to as "Plot A" and "Plot B", collectively known as "Jinci District Plots") through online bidding, and signed a confirmation of transaction of state-owned construction land use rights with the Taiyuan City Planning and Natural Resources Bureau ("Taiyuan City Planning and Natural Resources Bureau"). According to the confirmation, Taiyuan Chenya must sign the confirmation with the Taiyuan City Planning and Natural Resources Bureau after signing.
Express News | Small cap real estate Hong Kong stocks polarized, chen xing development once rose more than 17 times.
HK Stock News: chen xing development (02286) surged more than 1400%, with a turnover of over 2.8 million Hong Kong dollars.
On August 28, chen xing Development Co., Ltd. released the interim performance announcement for the six months ended June 30, 2024.
Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
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