China New Town Development Company Limited (“CNTD” or the “Company”) is pleased to announce the successful auction of land use rights of the land parcel (F1-3) located at the Company’s Shanghai Luodian project by the Shanghai Municipal Bureau of Planning and Land Resources on 28 November 2012 . The buyer is Winzen Investment Pte Limited, a wholly-owned subsidiary of Wing Tai Holdings Ltd which is a leading property development company listed on the Singapore Exchange Securities Trading Limited.
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