JNBY Design (HKG:3306) intends to bid for the land use right of a parcel of land in the Xihu district of Hangzhou city, China, to build a new modern park, a Thursday Hong Kong bourse filing said.
The park to be built on the land, which has a total area of 203,308 square meters and can be used for industrial purposes for 50 years, will integrate digital research and development and intelligent warehousing and operation.
The starting bid price is around 281.2 million yuan and bidding is expected to be completed on or around June 30.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.