Bubugao to spend RMB 735 million buying properties
FROM:CCFA    2017-11-30
Bubugao said on evening 14th November it shall raise their own fund RMB 735 million to buy the commercial podium building B1-B4 and F1-F9 of Ganzhou Bubugao Xintiandi in Ganzhou Fengda Real Estate Co., Ltd. , covering total construction area of 102,750.51?, for the development of Bubugao Ganzhou Shopping Center. This is a connected transaction as Fengda Real Estate is an internal related party of Bubugao. Bubugao said, this move shall benefit for enlarging the business scale, enhancing productivity, consolidating market presence, and expanding its influence.
 
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