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01902 YINCHENG INTL
RTNominal unchange0.046 0.000 (0.000%)
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14/10/2019 09:01

Yincheng (01902) gets Nanjing land use right at RMB260m

[ET Net News Agency, 14 October 2019] Yincheng International Holding Co., Ltd. (01902)
said its subsidiary Nanjing Yincheng Real Estate Co., Ltd. (the tenderer) received a
confirmation notice from the Nanjing Planning and Natural Resources Bureau informing the
tenderer that it has successfully won a bidding in respect of the land use right of the
land parcel at the consideration of RMB260 million.
A land use right contract is expected to be entered into between the tenderer and the
Nanjing Planning and Natural Resources Bureau on or before 23 October 2019.
The land parcel is situated at the Xincheng Jiangkang Industrial Park, Honghua Street
South, Qinhuai District, Nanjing City, the PRC and has a total site area of approximately
26,748m2. The land parcel is designated for hospital usage for a term of 50 years. (RC)

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