Guangzhou Junfeng Real Estate Development Co., Ltd. announced that it expects to receive CNY 750 million in funding from Guangzhou Pearl River Industrial Development Co., Ltd., Guangzhou Urban Construction Development Nansha Real Estate Co., Ltd., Guangzhou Huixing No. 8 Industrial Investment Partnership (Limited Partnership)
April 08, 2021
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Guangzhou Junfeng Real Estate Development Co., Ltd. announced that it will receive CNY 750 million in an equity round of funding on April 9, 2021. The transaction will include participation from returning investors Guangzhou Pearl River Industrial Development Co., Ltd. for CNY 375 million, Guangzhou Urban Construction Development Nansha Real Estate Co., Ltd. for CNY 337.5 million and Guangzhou Huixing No. 8 Industrial Investment Partnership (Limited Partnership) for CNY 37.5 million, to retain 50%, 45% and 5% respective stake in the company. The transaction has been approved by fourth meeting of the tenth board of directors of Guangzhou Pearl River Industrial Development Co., Ltd. Post-closing of the transaction, the registered capital of the company will increase from CNY 50 million to CNY 800 million. The company will receive funds within 10 days after signing the agreement.
Guangzhou Pearl River Development Group Co Ltd, formerly Guangzhou Pearl River Industrial Development Co Ltd, is a China-based company, principally engaged in the development and distribution of real estate. The Company's portfolio consists of residential properties, which are situated in Guangzhou, Guangdong province and Changsha, Hunan province, including Zhujiangjiayuan, Yudongyayuan and Zhujianghuacheng. The Company is also engaged in the provision of property leasing and management services and health management consulting services. The Company conducts its businesses in Guangzhou, Changsha, Hefei and Sanya.
Guangzhou Junfeng Real Estate Development Co., Ltd. announced that it expects to receive CNY 750 million in funding from Guangzhou Pearl River Industrial Development Co., Ltd., Guangzhou Urban Construction Development Nansha Real Estate Co., Ltd., Guangzhou Huixing No. 8 Industrial Investment Partnership (Limited Partnership)