The city invested more than 2.6 billion yuan to acquire some stake in the new Jiangwan City F plot

City Investment Holdings (600649. SH) announced yesterday that the subsidiary city of the Land (group) Limited (hereinafter referred to as "land Group") to 2.6607 billion yuan price, the United States Iron Lion door under the new Jiangwan City F plot part of the equity acquisition completed. The announcement said that the city will join with the iron Lion door to develop the new Jiangwan City F block.　　This is mainly to take into account to improve the profitability of enterprises, and in line with the company's strategic development direction. According to the announcement content, the Iron Lion Gate obtains the new Jiangwan City F plot, its range is Dongzhi gate Shin Lu, south to three road, west to Song Hu Road, north to Yin Gao Lu, covers an area of 267480.9 square meters, planning total construction area of about 900,200 square meters (ground), comprehensive volume rate of 3.4, the nature of land for commercial, residential,　　Office comprehensive land. It is reported that because of the large area, and the middle by the people's Mansion Road and Jiangwan City Road Division for the F1, F2, F3 three neighbourhoods, and the F1 neighborhood by the internal road divided into 5 pieces, so overall, the iron lion door for this large volume of the plot set up 7 project companies.　　Prior to that, the city had announced the acquisition of 5 projects in August and October, and until yesterday, it had completely closed its stake in 7 project companies. City investment, said the acquisition is conducive to increase the company's project reserves, improve corporate profitability. At the same time, the project land cost can be controlled within the scope of the current real estate market to judge, in the future can bring better economic benefits for the company.　　In addition, as the Iron lion door dedicated to the Chinese market fund, with the new Jiangwan City F block Tschinafund, can provide for the land group to bring world-class business and residential complex investment and development experience, as well as the global marketing and high-end property management system of reference opportunities. Plot data show that the new Jiangwan City F block building area of 180,200 square meters, commercial and office building area of 720,000 square meters. This also means that more capital-intensive business ratios are far larger than the residential sector, perhaps one of the factors that have left the plot unused for more than 2 years.