Shum Yip Tairan New Era, a subsidiary of Shenzhen Investment Limited, has successfully entered into a Land Use Rights Grant Contract with the Futian Administration Bureau of Shenzhen Municipal Planning and Natural Resources Bureau. The agreement involves the acquisition of a land parcel located in the Shatou Subdistrict, Futian District, Shenzhen, for approximately RMB1,120.68 million. This transaction marks a significant development for Shum Yip Tairan New Era as it expands its footprint in the PRC. The contract will become effective once it is signed and sealed by all involved parties.
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