WENLING MCT spent 52.06 million yuan to acquire land in Wenling City for the construction of the Shanhaitianqiao project
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WENLING MCT announced that its wholly-owned subsidiary WENLING XURI successfully bid for and acquired the land use rights located in Wenling City, Zhejiang Province on June 10, 2025, for a total price of 52.06 million yuan. The site will be used to construct the Shanhaitianqiao project, which plans to build two commercial office buildings and one commercial building, with an estimated construction cost of 265 million yuan. This move will enhance the group's position in the cutting tool market and expand its property leasing business
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