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Chinachem Group (“the Group”) is pleased to announce that its member company Chime Corporation Limited has won the tender for Tung Chung Town Lot No. 45 at Area 57, Tung Chung at a premium of HK$ 2.778 billion.

Donald Choi, Executive Director and CEO of Chinachem Group said, “The Group is pleased to acquire this non-industrial development. Tung Chung East will be developed into a new town by the Government in line with its Tung Chung New Town expansion plans. The site is also adjacent to the Hong Kong-Zhuhai-Macao Bridge and Tuen Mun Chek Lap Kok Tunnel, enjoying the advantage of excellent connectivity with Guangdong Province and Macau. Given these factors, we are confident about this project and plan to develop shopping malls, offices and a data centre.”

The site covers an area of about 12,335 square metres with a maximum gross floor area of 117,182 square metres upon completion.