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An update from Shenzhen Investment ( (HK:0604) ) is now available.
Shenzhen Investment has announced the acquisition of land use rights in Shenzhen for approximately RMB1,120.68 million. This acquisition, part of the Phase II Project of the First Urban Renewal Unit in Chegongmiao Tairan Industrial Zone, involves a site area of 16,866.54 square meters and a gross floor area of 200,200 square meters, with a 50-year term for innovative industrial use. The transaction is considered a discloseable transaction under Hong Kong’s Listing Rules, impacting the company’s strategic positioning in urban development and industrial innovation.
More about Shenzhen Investment
Shenzhen Investment is a company involved in the real estate industry, focusing on property development and investment, particularly in the Shenzhen region of China. The company engages in acquiring land use rights to support its development projects, contributing to urban renewal and industrial innovation.
YTD Price Performance: 14.94%
Average Trading Volume: 22,783,637
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.9B
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