December 27, 2016 / 10:26 AM / 8 months ago

BRIEF-China Merchants Bank acquires state-owned land use right for RMB5.95 bln

Dec 27 (Reuters) - China Merchants Bank :

* Acquisition of state-owned land use right

* Deal for total consideration of RMB5.95 billion

* Company won a bid at tender for land use right for commercial service use of Shenzhen Bay super headquarters

* Acquisition of land use right of land parcel by company is for purpose of constructing CMB Global headquarters

* Acquisition does not have significant impact on financial conditions of company Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780; )

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