Risesun Real Estate Development, which mainly deals with businesses in Hebei Province, Jiangsu Province, Anhui Province and Shandong Province, has announced that it has won a bid for a piece of residential land for RMB538.61 million in Wucang District, Handan, Hebei Province.The parcel, which covers a land area of 203,718 square meters, will have landscaped areas covering more than 35% of the development.
Earlier in July, the Shenzhen-listed enterprise purchased a 100,000-square-meter piece of mixed-use land for RMB132 million in Xianghe County, Langfang (shown in our illustration), Hebei Province.
China Knowledge reports that Risesun Real Estate has received approval from the China Securities Regulatory Commission to issue up to 150 million A shares for up to RMB1.2 billion or RMB6.81 per share.