Shenglong Splendecor unit buys Hangzhou land use rights for RMB 55.92 million

PUBT·05/06/2026 11:33:26

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Shenglong Splendecor won a public tender to acquire 40-year land use rights for a 23,278 sq.m recreational and commercial site in Lin’an District, Hangzhou for RMB 55.92 million.
State-owned construction land use right grant contract signed on May 6, 2026, following transaction confirmation letter dated April 24, 2026.
Payment scheduled in two tranches of RMB 27.96 million due by June 6, 2026, then May 6, 2027, with RMB 11.19 million deposit already paid and applied to consideration.
Site earmarked for construction of a hotel, with plans to add a stadium as part of a recreation and holiday center.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shenglong Splendecor International Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260506-12149674), on May 06, 2026, and is solely responsible for the information contained therein.

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