Longfor Properties to Buy Plot of Land in Tianjin for CNY3.6 Billion

By Joanne Chiu Features Dow Jones Newswires

Longfor Properties Co. (0960.HK) has agreed to buy a plot of land in China's Tianjin city for 3.6 billion yuan ($522 million).

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The Chinese developer said after markets closed Thursday that the commercial and residential site has a total area of 170,819.4 square meters. It will fund the acquisition via internal resources.

Write to Joanne Chiu at joanne.chiu@wsj.com

(END) Dow Jones Newswires

April 27, 2017 21:42 ET (01:42 GMT)