China Construction announced that its subsidiary China Overseas Development competed for land use rights for a real estate development project in Putuo District, Shanghai. The project consists of three plots of land in Unit W060802 in Putuo District, covering a total area of about 1192,000 square meters and a total construction area of about 397,700 square meters. The planned uses include commercial housing, commerce, offices, etc., and the land acquisition price is about 15.019 billion yuan. Subsequent implementation of the project still requires implementation of relevant procedures, and whether development can meet expectations is affected by multiple factors.

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