CapitaLand puts up another subsidiary in China
CapitaLand Xinye (Hangzhou) Real Estate Development has a registered capital of $180 million.
Its principal activity will be real estate development and management.
The establishment of the wholly-owned subsidiary is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2011.
None of the Directors or the controlling shareholder of CapitaLand has any interest, direct or indirect, in the establishment of CapitaLand Xinye (Hangzhou) Real Estate Development.
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