trending Market Intelligence /marketintelligence/en/news-insights/trending/jmzY_XrYlM1UYe3Ht_CNzQ2 content esgSubNav
In This List

Yanlord Land forges on with Shenzhen expansion via 563M yuan project acquisition

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


Yanlord Land forges on with Shenzhen expansion via 563M yuan project acquisition

Yanlord Land Group Ltd. is expecting a profit of 468 million yuan from its 563 million yuan investment for a 65% stake in a 55,000-square-meter commercial development in Shenzhen.

The Singapore-listed company is hoping to expand its footprint in the Chinese city through the purchase, which was carried out by its Yanlord (Shenzhen) Investment Management Co. Ltd. subsidiary.

Zhong Sheng Jian, Yanlord Land's CEO and chairman, said the company will continue to explore expansion opportunities within Shenzhen and in the Pearl River Delta Region in accordance with its financial capacity.

As of Dec. 19, US$1 was equivalent to 6.60 yuan.