China Merchants Property Development (Beijing) Increases Registered Capital to 23.5 Billion Yuan
China Merchants Property Development (Beijing) Co. , Ltd. , a subsidiary of China Merchants Shekou Industrial Zone Holdings, has completed an industrial and commercial registration change, increasing its registered capital from 8 billion yuan to 23.5 billion yuan. The company was established in October 2004, with Lv Chuanlai as its legal representative, and is primarily engaged in real estate development. China Merchants Shekou holds all equity in the company.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Residential Development, with intensity 40/100 and 60% confidence over a medium term horizon.
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