---
title: "NHU plans to participate in the bidding for land use rights"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240857421.md"
description: "According to the Zhitong Finance APP, NHU announced that in order to adapt to the continuous expansion of the company's business scale and meet the long-term development needs of the company, it will participate in the auction for the land use rights of the JG1402-76 plot in the Siba Qiba unit of Shangcheng District, Hangzhou City, with its newly established wholly-owned subsidiary, Zhejiang NHU Holdings Co., Ltd., as the bidding entity. The bidding price will not exceed RMB 1.15 billion"
datetime: "2025-05-19T13:16:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240857421.md)
  - [en](https://longbridge.com/en/news/240857421.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240857421.md)
---

# NHU plans to participate in the bidding for land use rights

According to the Zhitong Finance APP, NHU (002001.SZ) announced that in order to adapt to the continuous expansion of the company's business scale and meet the long-term development needs of the company, it will participate in the auction for the land use rights of the JG1402-76 plot in the Siba Qibao unit of Shangcheng District, Hangzhou City, with its newly established wholly-owned subsidiary Zhejiang NHU Holdings Co., Ltd. as the bidding entity, using its own funds or self-raised funds, with a bidding price not exceeding RMB 1.15 billion

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