1109.HK is trading 4% up at $32.22 after news that China Resources Land (Overseas) joined a six-company consortium to bid for a 10.5-hectare pilot site in Hong Kong’s Northern Metropolis tech hub.

  • The consortium includes JD.com and other major developers targeting a strategic development site designated for tech and innovation.
  • Investors are reacting positively to the potential long-term development gains and valuation upside from participation in this large-scale project.