CapitaLand forms 51% owned subsidiary
It will focus on property management and consultancy services.
CapitaLand established a 51% owned subsidiary, Ya Tu Residence Management (Shanghai) Co., Ltd, in China as part of its business development.
According to a press release, its registered share capital was $205,830 (CNY1m).
The new company will focus on property management and consultancy services.
CapitaLand does not expect the new subsidiary to affect company performance this year.