Cheuk Nang (Holdings) Ltd. has successfully bought a commercial/residential land in Hangzhou at a price of RMB188million through an auction held on 25th June, 2008.  The land is situated at Chong Xian Zhen, Yuhang District, Hangzhou (祟賢鎮, 餘杭區, 杭州), China.  The land area is 38,983 square metres and the gross floor area is 89,661 square metres.