BBMG (02009) subsidiary obtains real estate project.
Jinju Group (02009) announced that its wholly-owned subsidiary, Beijing Yutong Real Estate Co., Ltd. (hereinafter referred to as "Yutong Real Estate"), recently obtained the "Confirmation of Transaction for the Transfer of State-Owned Construction Land Use Rights in Beijing." Yutong Real Estate successfully acquired the State-Owned Construction Land Use Rights for the R2 Class II Residential Land of the Eastern and Western Land ofFZX-0306-6037 block in the first phase of the Old City Bungalow Redevelopment Project in Tongzhou District, Beijing, through public listing and bidding. The total land area is 16,100 square meters, with a planned above-ground construction area of 32,300 square meters, and the total transaction price is 870 million yuan. Currently, Yutong Real Estate holds 100% equity in the project.
BBMG (02009) announced that Beijing BBMG Co., Ltd.'s wholly-owned subsidiary, Beijing Yutong Real Estate Co., Ltd. (hereinafter referred to as "Yutong Real Estate"), recently obtained the "Confirmation of Transaction for the Transfer of State-owned Construction Land Use Rights in Beijing." Yutong Real Estate won the state-owned construction land use rights for the R2 type residential land of the FZX-0306-6037 plot in the first phase of the bungalow redevelopment project in the old city of Tongzhou District, Beijing, through public bidding. The total land area is 16,100 square meters, with a planned construction area of 32,300 square meters, and the total transaction price is 870 million yuan. Currently, Yutong Real Estate holds 100% equity in this project.
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