China Resources Land, Wuhan State Capital Form RMB1.15 Billion Property Firm
China Resources Land and Wuhan state capital have jointly established a real estate development company with registered capital of RMB1.15 billion. The new venture, Wuhan China Resources Land Yingxin Real Estate Development Co. , Ltd. , will operate in property development, residential interior decoration, construction, and leasing of both residential and non-residential real estate. The company is co-owned by Wuhan Runzhi Real Estate Development Co. , a wholly-owned subsidiary of China Resources Land Holdings Limited, and Wuhan Yingfang Holdings Co.
China Resources Land and Wuhan state capital have jointly established a real estate development company. The new entity, named Wuhan China Resources Land Yingxin Real Estate Development Co. , Ltd. , has registered capital of RMB1.15 billion and is headed by Li Rongyong as its legal representative.
Its business scope covers real estate development and operation, residential interior decoration, construction engineering, leasing of non-residential real estate, and housing leasing. The company is jointly held by Wuhan Runzhi Real Estate Development Co. , a wholly-owned subsidiary of China Resources Land Holdings Limited, and Wuhan Yingfang Holdings Co.
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 70% confidence over a short term horizon.
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