Yanlord arm sets up new company in China
Yanlord Ho Bee Property Development owns a capital of RMB500,000.
In a release, Yanlord Land Group Limited announced that its subsidiary, Yanlord Ho Bee Property Development, has set up a new company in Tangshan, the People’s Republic of China.
YHBT has a registered capital of RMB500,000.
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The above transaction is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending 31 December 2012.