LionHub Group Limited announced that it has acquired 40 mu (2.67 hectare) of land within the Xuancheng Singapore Techno-Park site in joint venture with KSL (XuanCheng) Metal Industries Co. Ltd. The 50/50 joint venture with KSL was established in January 2016 to acquire land at within the Xuancheng Singapore Techno-Park for commercial development. LionHub holds the rights to develop both the Xuancheng Singapore Techno-Park and the Lu'an Singapore Eco-Park both of which are located in Anhui Province. It is envisaged that these new technology parks will be able to offer technological and logistical infrastructure solutions for regional China. The land was purchased for CNY 4.89 million.