(Aug 24): Two Hong Kong-listed developers, including the owner of London's Cheesegrater tower, agreed to buy a £470 million-pound ($821.2 million) land plot in London that Dalian Wanda Group Co relinquished after coming under Chinese government scrutiny.

Guangzhou R&F Properties Co and C C Land Holdings will buy the 10-acre Nine Elms Square land, Michael Lee, R&F's corporate finance director, said in an interview in Hong Kong Tuesday.

Wanda, along with aggressive Chinese dealmakers such as Anbang Insurance Group Co, Fosun International and HNA Group Co, have come under government scrutiny over outbound investments in recent years. The revamped London property deal came on the heels of the government's clearest-yet directive laying out rules to invest in overseas deals.

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