May 12, 2017 / 1:29 PM / 3 months ago

BRIEF-Beijing Properties acquires lands use rights in Majuqiao Logistics Park

May 12 (Reuters) - Beijing Properties

* Voluntary announcement in relation to the acquisition of the phase ii lands use rights in the Majuqiao Logistics Park, PRC

* Consideration for acquisition is rmb620 million

* joint venture company made a successful bid for lands use right of site through open tender auction organized and held by blrc tongzhou

* Expected expenditure incurred for development of project would not have any material adverse impact on financial position Source text for Eikon: Further company coverage:

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