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).
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 firstname.lastname@example.org
(END) Dow Jones Newswires
April 27, 2017 21:42 ET (01:42 GMT)