Ge Long Hui·2026-01-16 08:58Core Viewpoint - Ruian Real Estate (00272.HK) announced the acquisition of land use rights for a plot in Minhang District, Shanghai, for a consideration of RMB 664 million, which is expected to enhance the company's land reserves and market share in the Shanghai residential market [1] Group 1: Acquisition Details - The land plot is located in Pujiang Town, Minhang District, Shanghai, bordered by Jiajing Road to the east, Green Land (near Lao Yaojia River) to the south, Ruijia Road to the west, and Green Land (near Shendu Highway) to the north [1] - The plot is anticipated to be developed for residential purposes and is part of the Zhaojialou project, which is a redevelopment initiative [1] Group 2: Strategic Importance - The acquisition is viewed as a strategic supplement to the company's land reserves, expected to increase its market share and influence in the Shanghai residential market [1] - The project aims to preserve the unique historical culture of Pujiang Town and is expected to become a new landmark in Shanghai [1] Group 3: Financial Implications - The company anticipates that the acquisition will lead to significant property sales revenue and strengthen its financial position [1] - The project is expected to consolidate the company's leading position in the urban renewal sector in Shanghai [1]