Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-07-31 23:13Core Viewpoint - Hefei Urban Construction Development Co., Ltd. has successfully acquired land use rights for a residential plot in Hefei, indicating a strategic move to increase land reserves and expand its development portfolio [1][2]. Group 1: Company Actions - The company held its 18th meeting of the 8th board of directors on July 25, 2025, where it unanimously approved the proposal to jointly bid for the land use rights of plot XZ202501 in Hefei [1]. - On July 31, 2025, the company, in collaboration with China Real Estate Development Hefei Co., Ltd., participated in the land use rights auction organized by the Hefei Natural Resources and Planning Bureau [2]. Group 2: Land Acquisition Details - The acquired land, located in the New Station District of Hefei, covers an area of 130.72 acres with a usage period of 70 years [2]. - The total amount for the land use rights is RMB 980.4 million, which will be financed through self-raised funds by the company and its partner [2].