[ET Net News Agency, 7 August 2019] Far East Consortium International Limited (00035)
said its subsidiary Shanghai Chingchu Property Development Co., Ltd. has succeeded in the
bid of land use rights of a land offered for sale by Shanghai Baoshan District Planning
and Natural Resources Bureau at a bidding for RMB554.69 million.
The site area of the land is 40,562.70 sq.m. It is for leased residential usage with a
term of 70 years. (RC)