Zhi Tong Cai Jing·2026-01-16 09:51Core Viewpoint - Ruian Real Estate (00272) announced the acquisition of land use rights in Minhang District, Shanghai, for a total consideration of RMB 664.3 million (approximately HKD 739 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 acquisition involves a land parcel associated with the Zhaojialou project, which is part of an urban renewal initiative [1] - The location is strategically positioned near major transportation routes, including the Shanghai Shenjiahu Expressway and the Shanghai North-South Elevated Road, providing convenient access to downtown Shanghai [1] Group 2: Strategic Implications - The company believes that this acquisition will serve as a strategic supplement to its land reserves, thereby increasing its market share and influence in the Shanghai residential market [1] - The project is expected to preserve the unique historical and cultural aspects of the Pujiang Town in Minhang District and is anticipated to become a new landmark in Shanghai [1] - The acquisition is projected to generate significant property sales revenue and strengthen the company's financial position, reinforcing its leading status in the urban renewal sector in Shanghai [1]