Recently, Nanning sold two land parcels in Wuxiang New District, and China Dongxin Development Co., Ltd. (Bank of China) and China-ASEAN Information Harbor Co., Ltd. have successfully bought the land parcels with minimum prices of 4.41 million yuan/mu and 2.14 million yuan/mu respectively.
It was understood that the first land parcel offered was GC2019-098. The parcel is located in the southern side of Wuxiang Revenue in Liangqing District and the eastern side of Suxiang Road and the actual area offered was 34.83 mu. The approved purpose of the land was for commercial use and retail business. The parcel can be used for the construction project of headquarter building of large-scale financial enterprises. It required that the buyer of the land must have 80% of the property right of the total construction area of the headquarter building project and the operation time shall be no less than 15 years. During that period, the land cannot be transferred and split transferred while the stock rights cannot be transferred as well. Guangxi Dongxin Development Co., Ltd. has bought the parcel with the minimum price of 4.41 million yuan/mu and the total price was 0.154 billion yuan. The biggest shareholder of Guangxi Dongxin Development Co., Ltd. was Bank of China Group Investment Ltd. (the wholly owned subsidiary of Bank of China).