The subsidiary of Urban Construction Development (600266.SH) won the bid for a multi-functional land in Dongcheng District, Beijing for 2.028 billion yuan.

China Fortune Finance and Economics app news: City Construction Development (600266.SH) announced that its wholly-owned subsidiary, Beijing City Construction Xingrui Property Development Co., Ltd., successfully bid for the land development project of the land parcels 4, 5 on the west side of Qiniandajie Road in Dongcheng District, Beijing with a price of 2.028 billion yuan. The land parcels cover a total area of 22,756.72 square meters within the second ring road of Dongcheng District, with a planned construction area of 25,000 square meters.