Guangzhou Pinshi Real Estate Development Co., Ltd. announced that it expects to receive CNY 684.2 million in funding from Guangzhou Pearl River Indutrial Development Co.,Ltd, Guangzhou Metro Group Co., Ltd.
November 31, 2021
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Guangzhou Pinshi Real Estate Development Co., Ltd. announced that it has entered into agreement that it will receive CNY 684,200,000 in an equity round of funding on November 1, 2021. The transaction will include participation from returning investor Guangzhou Pearl River Indutrial Development Co.,Ltd for CNY 348,942,000 and Guangzhou Metro Group Co., Ltd. for CNY 335,258,000. The transaction was approved by the board of directors of Guangzhou Pearl River Indutrial Development Co.,Ltd at its twelfth meeting of the tenth board of directors and ninth meeting of the Audit Committee of the 10th Board of Directors and is subject company's shareholders meeting for deliberation.
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 Pinshi Real Estate Development Co., Ltd. announced that it expects to receive CNY 684.2 million in funding from Guangzhou Pearl River Indutrial Development Co.,Ltd, Guangzhou Metro Group Co., Ltd.