Yango Group (SZSE: 000671) its subsidiary Shanghai Fuliteng Real Estate (transliterated) and third party Fuzhou Xinyibo Investment Company (transliterated) co-spent CNY 2.547 billion winning a plot of land in Xinshi Town, Chuansha, Pudong New Area, Shanghai in a 51-49 investment proportion.
The land, with a land area of 69,806.6 square meters and a total building area of 139,613 square meters, can be used to build ordinary commodity housing.
Source:
http://www.sinocast.com/readbeatarticle.do?id=99427
