China State Construction has officially declared that its affiliate, China Overseas Enterprise Development Group Co., Ltd., has committed an investment of RMB 7.341 billion to procure a 50.5% equity interest along with the associated creditor's rights in Xindongan Company. Furthermore, an extra RMB 812 million has been allocated to purchase a 30.5% equity share in Xinbaian Company. Through these strategic moves, the company gains a foothold in a real estate development initiative situated in the Xuhui District of Shanghai. The project in question spans a land area of roughly 134,100 square meters, boasting a total construction footprint of approximately 534,100 square meters. It is designed to accommodate a diverse range of functionalities, including residential units, commercial establishments, office spaces, as well as facilities dedicated to scientific research and design. This acquisition is poised to significantly bolster China State Construction's brand recognition and allure within the competitive Shanghai real estate market.