Yanlord Land Group Limited (SGX:Z25) acquired 20% stake in Shandong Railway Investment Group Industrial Management Co., Ltd. for CNY 4 million on December 31, 2022. For the year ended, August 31, 2022, Shandong Railway Investment Group Industrial Management Co., Ltd. net asset value is CNY 4million.

Yanlord Land Group Limited (SGX:Z25) completed the acquisition of 20% stake in Shandong Railway Investment Group Industrial Management Co., Ltd. for CNY 4 million on December 31, 2022.