Xian Runmao Real Estate Co announced that it has entered into capital increase agreement to receive CNY 990 million on December 28, 2023. The transaction included participation from new investors, Hangzhou Mancheng Equity Investment Partnership for CNY 400 million for 40%, Shenzhen Yulu Enterprise Management Co., Ltd. for CNY 90 million for 9%, and returning investor, China Jinmao Holdings Group Limited for CNY 500 million for 50% The registered capital of the company will increase from CNY 10 million to CNY 1,000 million.
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- Xian Runmao Real Estate Co Ltd announced that it expects to receive CNY 990 million in funding from China Jinmao Holdings Group Limited, Shenzhen Yulu Enterprise Management Co., Ltd., Hangzhou Mancheng Equity Investment Partnership