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2007-10-10 10:08:00 a.m. HKT, XFNA
HK's Wharf (Holdings) China unit wins bid for Suzhou sites for 3.07 bln yuan
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HONG KONG (XFN-ASIA) - Wharf (Holdings) Ltd said its unit Harbour Centre
Development Ltd's joint venture company has acquired two parcels of land at
the Suzhou Industrial Park in mainland China for a total of 3.07 bln yuan
through a public auction.
The joint venture firm, which is 80 pct controlled by Harbour Centre and
20 pct by Zhong Xin Suzhou Industrial, won the auction for the sites, which
have a combined area of 5.65 mln square feet for use in the development of a
mixed commercial and residential complex.
The company said it hopes to develop the tallest building in Suzhou.
(1 usd = 7.51 yuan)
jun.concepcion@xfn.com
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