BRIEF-China Fortune Land plans nine firms, units win auctions, to buy property projects

April 11 (Reuters) - China Fortune Land Development Co Ltd

* Says units win land auctions for a combined 827.0 million

yuan ($119.86 million)

* Says it plans to invest about 440 million yuan to set up

nine firms

* Says unit acquires property projects for a combined 1.26

billion yuan

Source text in Chinese:;;

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($1 = 6.8995 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)