YANLORD LAND GROUP LIMITED
(Incorporated with limited liability in the Republic of Singapore)
(Registration Number: 200601911K)
ESTABLISHMENT OF A NEW ENTITY IN SHANGHAI, THE PEOPLE'S REPUBLIC OF CHINA
Yanlord Land Group Limited ("Company" and together with its subsidiaries, "Group") wishes to announce that it has through its wholly-owned subsidiary, Nanjing Renyuan Investment Co., Ltd.1, set up a new company in Shanghai, the People's Republic of China ("New Entity") with an interest of 40%. Details of the New Entity are set out below:-
Name of New Entity | : | Shanghai Jiaxun Enterprise Development Co., Ltd.2 |
Registered capital | : | RMB20,000,000 |
Principal activity | : | Property development and other related activities |
The above transaction is not expected to have any material impact on the net tangible assets per share or earnings per share of the Group for the financial year ending 31 December 2018.
None of the directors nor controlling shareholder of the Company has any interest, direct or indirect, in the above transaction save for their respective interests, through their shareholdings and/or directorships, as the case may be, in the Group.
Submitted by:
Zhong Sheng Jian
Chairman and Chief Executive Officer
29 November 2018
1 An unofficial English translation name of 南京仁远投资有限公司.
2 An unofficial English translation name of 上海嘉讯企业发展有限公司.
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Yanlord Land Group Limited published this content on 29 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 November 2018 09:16:06 UTC