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China Overseas Buys in Northeast
China Overseas Land & Investment (0688.HK) subsidiary China Overseas Property purchased a 1.27 million-square-meter land parcel in Shenyang, Jining province on October 30 for RMB 3.5 billion, China Business News reported November 2. According to the report, the plots purchased are part of "Dutch Village" an abandoned project with residential, agricultural, touristic and commercial developments.
The same day, the company secured a 140,126-square-meter land parcel in Changchun, Liaoning province at a price of RMB 1.46 billion, People.com reported.
Reports several days earlier detailed China Overseas Land & Investment's purchase of a land parcel in Foshan, Guangdong province and China Overseas Property's acquisition of a plot in Chongqing.
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