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Chinese city takes back two plots of land from Evergrande - Land.Net News


The city of Chengdu has taken back two plots of land from China Evergrande Group 3333.HK the latest move by authorities to seize assets from the cash-strapped property developer.

The land planning authority in the southwestern city said it was taking control of the plots, totalling over 300,000 square meters, as Evergrande had not developed them after holding them for over a decade.

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