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Article: HANG LUNG PROPERTIES TO CONTINUE EXPANDING IN MAINLAND CHINA
- Article from:
- AsiaInfo Services
- Article date:
- May 19, 2009
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AsiaInfo Services
05-19-2009
Hang Lung Properties to Continue Expanding in Mainland China
WUXI, May 19, 2009 (SinoCast Daily Business Beat via COMTEX) -- Hong Kong-based tier property developer Hang Lung Properties Ltd. (SEHK: 0101) will further build up its presence in Mainland China, and an about CNY 27 billion investment has been arranged.
The company lately announced that it had spent CNY 415 million buying a 16,700-square meter land lot in the eastern Chinese city of Wuxi, Jiangsu Province, for the sake of expansion of the Hanglung Plaza. This expansion project is estimated to draw a CNY 2 billion investment in amount.
In addition, Hang Lung Properties is scheduled to operate a batch of ...