YANLORD LAND GROUP LIMITED

(Incorporated with limited liability in the Republic of Singapore)

(Registration Number: 200601911K)

ESTABLISHMENT OF A NEW ENTITY IN ZHUHAI, 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 ("Nanjing Renyuan"), set up a new company in Zhuhai, the People's Republic of China ("New Entity"). Details of the New Entity are set out below:-

Name of New Entity

:

Zhuhai Renyuan Property Development Co., Ltd.2

Shareholder

:

Nanjing Renyuan (100% interest)

Registered capital

:

RMB50,000,000

Principal activity

:

City redevelopment 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 2019.

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

13 March 2019

  • 1 An unofficial English translation name of 南京仁远投资有限公司.

  • 2 An unofficial English translation name of 珠海仁远房地产开发有限公司.

Attachments

  • Original document
  • Permalink

Disclaimer

Yanlord Land Group Limited published this content on 13 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 March 2019 09:38:02 UTC