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Beijing Urban Construction wins 5 land bids in Sanya

Nov. 28, 2012 (China Knowledge) - Beijing Urban Construction Investment & Development Co Ltd<600266>, a leader in Beijing's construction industry, has acquired 5 pieces of land at auctions in Sanya, Hainan Provnce.

In a statement filed with the Shanghai Stock Exchange, the company said the five plots cover a total land area of 240,458.82 square meters and will have a gross floor area of around 234,000 sq m.

Located in Sanya Hongtang Bay tourism resort district, the five plots can be developed as commercial, hotel and residential properties.

In the first nine months of this year, Beijing Urban Construction Investment & Development Co realized RMB 606 million in net profit, 35.6% less than in the same period of last year.

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