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RTNominal down10.940 -0.140 (-1.264%)

27/09/2021 14:27

GD Land (00124) gets Guangzhou target land

[ET Net News Agency, 27 September 2021] Guangdong Investment Limited (00270) (GDI) and
Guangdong Land Holdings Limited (00124) (GDL) said Guangdong Yuehai Land, an indirect
non-wholly owned subsidiary of GDI and an indirect wholly owned subsidiary of GDL, has
successfully won the bid for the land use rights of the target land through the public
listing-for-sale process. The cash consideration is RMB10,187,480,000.
The target land consists of three pieces of land located at the core area of Baiyun New
Town, Baiyun District, Guangzhou City, the PRC, with an aggregate site area of
approximately 116,471 square metres and a total gross floor area included in the
calculation of the plot ratio of approximately 506,000 square metres. (RC)

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