Yanlord Land Group said subsidiaries, Nanjing Renyuan Investment Co. and Yanlord Land (Shenzhen) Co., have acquired a Shenzhen property developer for RMB300 million ($64.7 million).
Named Shenzhen Huarong Innovation Investment Co., Nanjing Renyuan will hold a 99% stake while Yanlord Land (Shenzhen) will hold the remaining 1% stake.
Shenzhen Huarong Innovation Investment has a registered capital of 45 million yuan.
Its net tangible asset (NTA) value was about RMB42 million, as at Jan 28.
Shares of Yanlord closed flat at $1.075 on Friday.
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Named Shenzhen Huarong Innovation Investment Co., Nanjing Renyuan will hold a 99% stake while Yanlord Land (Shenzhen) will hold the remaining 1% stake.
Shenzhen Huarong Innovation Investment has a registered capital of 45 million yuan.
Its net tangible asset (NTA) value was about RMB42 million, as at Jan 28.
Shares of Yanlord closed flat at $1.075 on Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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