Group 1 - The company, China Huaxing (00485), announced the acquisition of land use rights for the development of the Bagua City Project II, with the land expected to be delivered by the end of September 2025 [1] - The local natural resources bureau has issued a compulsory demolition order for the remaining two holdout landowners, with negotiations ongoing for their relocation compensation [1] - The total construction area for the property is proposed to be increased from 14,700 square meters to 19,700 square meters, pending formal approval [1] Group 2 - The construction of Bagua City Project II is expected to commence in October 2025, with completion targeted by the end of December 2026, and marketing and sales of completed units to begin in early 2027 [1] - The company plans to finance the project through a combination of internal cash flow, secured loans, equity financing, government subsidies, and proceeds from pre-sales [2]
中国华星：八卦城项目二预计10月启动建设 2026年底竣工