SINGAPORE (April 9): Yanlord Land Group, through its wholly-owned subsidiary Nanjing Renyuan Investment, has acquired a 19.8% interest in Tianjin Hefa Property and 16.5% interest in Tianjin Lianzhan Property Development for RMB 7.55 billion (S$1.57 billion).
Tianjin Hefa is a jointly held company between Capital (Tianjin) Property Management, Beijing Fang Xing Yi City Properties, Tianjin Realty Development, Tianjin Zhao Sheng Real Estate and NJ RY.
Tianjin Lianzhan, is a jointly held company between the same four property development companies, with...(click on link for full story on theedgesingapore.com)