China State Construction Engineering's (SHA:601668) unit, China Overseas Land & Investment (HKG:0688), acquired seven plots of land in Chaoyang District, Beijing, China for 15.3 billion yuan, according to a Shanghai Stock Exchange disclosure on Nov. 29.
The land plots will be used for the Hong Kong-listed real estate conglomerate's real estate development project of Jiuxianqiao, Shibalidian and Xiaohongmen Groups.
The land plots have a total area of about 147,000 square meters and a total gross floor area of about 394,000 square meters, the Chinese engineering company said.
China Overseas Land & Investment's shares rose more than 1% in recent trade.
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