On June 26th, Gelunhui reported that BBMG Corporation (601992.SH) announced that its wholly-owned subsidiary, Beijing Jingyu Real Estate Development Group Co., Ltd., recently obtained the 'Confirmation of Successful Bidding for State-owned Construction Land Use Rights in Beijing Municipality.' By participating in the public bidding, it acquired the state-owned construction land use rights for the 1303-686 plot of R2 residential land and the 1303-687 plot of A334 kindergartensland in the Chaoyang Port Phase I project in Chaoyang District, Beijing, with a total land area of 47,661.924 square meters, and an above-ground building area of 125,853.387 square meters, at a total transaction price of 6.38 billion RMB. The land is for residential and kindergarten use. Currently, Jingyu Real Estate owns 100% equity of the project.
金隅集团(601992.SH)：子公司获得房地产项目
BBMG Corporation (601992.SH): Subsidiary Obtains Real Estate Project
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