Binjiang Group Sets Up New Wholly-Owned Subsidiary in Hangzhou with Registered Capital of RMB 900 Million
Binjiang Group has established a new wholly-owned subsidiary, Hangzhou Binshu Real Estate Development Co. , Ltd. , in Hangzhou. The company, with registered capital of RMB 900 million, will engage in real estate development and operation. The subsidiary is indirectly fully owned by Binjiang Group, marking further expansion of the group's footprint in the Hangzhou market.
Hangzhou Binshu Real Estate Development Co. , Ltd. was recently established in Hangzhou, with Lou Wei as its legal representative. The company has registered capital of RMB 900 million and its business scope covers real estate development and operation. The company is indirectly wholly owned by Binjiang Group. According to corporate registration information, the establishment of this subsidiary signals Binjiang Group's further expansion in the Hangzhou market.