CapitaLand completes sale of Hong Kong Yong Zheng Group
Yong Zheng is now 100% owned by The Ascott Holdings Limited.
Yong Zheng, an investment holding company incorporated in Hong Kong SAR, is the owner of Guangzhou Hai Yi Property Development Co Ltd which is a licensed developer in Guangzhou. Hai Yi owns the 208-unit serviced apartment block in Guangzhou known as Ascott Guangzhou.
However, as TAHL is a wholly owned subsidiary of CapitaLand, Yong Zheng is also a wholly owned subsidiary of CapitaLand.