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Hopson Gets Panyu Plot From Sibling Co  

Posted on Nov 04, 2009 | 18:11

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Guangdong-based real estate developer Hopson Development Holdings (0754.HK) plans to acquire 1.04 million square meters of land in Panyu, Guangdong province for around RMB 3.8 billion, the company announced November 2. According to the report, the land is held by a company wholly owned by Hopson President Zhu Mengyi and his brothers. Hopson will transfer another land parcel to the company and issue stock valued at RMB 14.62 per share to the company.

Tags:  754.HK Hopson Real Estate

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