Zhitong Finance App News, Urban Construction Development (600266.SH) issued an announcement. On September 22, 2026, the company received the “Beijing State-owned Construction Land Use Rights Listing and Sale Transaction Confirmation” to bid for 1.7 billion yuan for the right to use state-owned construction land in the first-level land development project CP00-0902-0008, 0009 on the west bank of the Dongsha River in Changping New Town, Changping District, Beijing. The company established a wholly-owned subsidiary, Beijing Chengjian Xingchang Real Estate Co., Ltd., which is responsible for the development and operation of the project, with a registered capital of 2 billion yuan. The project is located in Changping District, Beijing. The land use area is about 49,263 square meters, and the above ground construction area is about 92,273 square meters.

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