[ET Net News Agency, 31 July 2019] New World Development Company Limited (00017) said
its subsidiary Honour Team has successfully won the bidding in respect of the land use
right of a land through listing-for-sale at a consideration of RMB9.79 billion.
The land is in Hangzhou, Zhejiang Province, PRC. It is for residential, business
commercial and public car parking development. It has a site area of approximately 93,364
square metres and a maximum gross floor area of approximately 453,886.1 square metres.
(RC)