XJ INTL HLDGS (01765.HK): wins Nanchong land for RMB 115.4 million
- The plot in Jialing District, Nanchong, Sichuan covers 34,812.40 sq m for urban residential use, with a 70-year term from actual delivery.
- The price is paid in cash from internal resources; the RMB 23.1 million bidding deposit becomes the contract deposit, with two halves of about RMB 57.7 million due by 14 November 2026 and 14 October 2027.
NewTimeSpace News: On 21 October 2026, XJ International Holdings Co., Ltd. (stock code: 01765) said its wholly-owned unit Nanchong Xinqi Property Co., Ltd. won the land use right to a plot in Jialing District, Nanchong, Sichuan, at public auction for about RMB 115.4 million, signing the grant contract with the Nanchong Natural Resources and Planning Bureau that day.
The 34,812.40 sq m plot is for urban residential use on a 70-year term from delivery. Payable in cash from internal resources, the price is partly covered by an RMB 23.1 million bidding deposit that becomes the contract deposit, with two halves of about RMB 57.7 million due by 14 November 2026 and 14 October 2027. The plot adjoins the Hope College campus and will house staff accommodation. As the highest applicable ratio is above 5% but below 25%, the deal is a disclosable transaction under Chapter 14, needing reporting and announcement but not shareholder approval.
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