STEC(SH:600820) Ge Long Hui A P P·2025-09-09 07:49Core Viewpoint - Tunnel Corporation (600820.SH) announced that its wholly-owned subsidiary, Shanghai Ruiteng International Real Estate Co., Ltd. (Ruiteng Real Estate), has jointly acquired the state-owned land use rights for the Pudong District W060401 unit A03B-04 and A03B-05 plots with its related party, Shanghai Urban Construction Real Estate Development Co., Ltd. (Urban Construction Real Estate) [1] Group 1 - Ruiteng Real Estate and Urban Construction Real Estate will jointly establish Shanghai Ruizhen Huicheng Real Estate Co., Ltd. (tentative name) as the project company to develop the Pudong plot project [1] - The registered capital of Ruizhen Huicheng is set at 2.5 billion RMB, with Ruiteng Real Estate contributing 1.225 billion RMB for a 49% stake, while Urban Construction Real Estate will contribute 1.275 billion RMB for a 51% stake [1] - The total investment for the Pudong plot project is 771.416 million RMB, with Ruiteng Real Estate investing 377.994 million RMB (49% stake) and Urban Construction Real Estate investing 393.422 million RMB (51% stake) [1]