Zhen Ding-KY announced that its subsidiary, Pengding Holdings (Shenzhen) Co., Ltd., has acquired land use rights. The property is located in Yanluo Street, Bao'an District, Shenzhen, covering an area of 141,225.15 square meters (approx. 42,720.61 pings). The total transaction amount is 143,200,000 RMB. The purpose of the acquisition is for operational development. The transaction was decided through a bidding process, and the land use right is for 30 years. This is not a related-party transaction.

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  • Source: PR Times
  • Category: asset_acquisition