58 City announced $168.4 million to buy an office building in Chaoyang District

Absrtact: September 26 News, 58 City announced to spend 1.033 billion yuan (168.4 million U.S. dollars) in Chaoyang District to buy an office building. 58 the city said in a statement that it had reached an agreement with the Beijing Electronic City Investment Development Corporation (Beijing Electronics Zone Investment and Development)

September 26 News, 58 with the city announced to spend 1.033 billion yuan (168.4 million U.S. dollars) in Chaoyang District to buy an office building.

58 the city said in a statement that it had reached an agreement with the Beijing Electronic City Investment Development Corporation (Beijing Electronics Zone Investment and Development) $1.033 billion (USD 168.4 million) was purchased in Chaoyang District for a total area of 45,000 square meters of office space.

58 The city said the acquisition of the office will be used as a new headquarters to meet the needs of business and personnel expansion, the company will use operating cash flow and cash balance to pay for the purchase of the property. 58 the same city will be phased in to Beijing Electronic City Investment and development company to pay this sum, 2014 years to pay 103.3 million yuan, 2015 years to pay 929.7 million yuan.

58 The city is expected to be equivalent to 45,000 square meters of 37% office space will be completed in October 2015, to meet the requirements of the settled, the remaining office space in July 2016 will meet the conditions of entry.