Yanlord Land Group sets up new company in Nanjing
Principal activity will be Property development & management.
Yanlord Land Group Limited announced that its associated company Sino-Singapore Nanjing Eco Hi-tech Island Investment and Development Co., Ltd. has set up a new company in Nanjing, People’s Republic of China. SNE has 100% shareholding interest in the firm Nanjing Zhoudao Property Development Co., Ltd. Registered capital is RMB20 million.
Meanwhile the transaction is not expected to have any material impact on the net tangible assets or earnings per share of Yanlord Land Group for the financial year ending 31 December 2012.