Their activities will cover property and city development, as well as fitness services.
Yanlord Land Group Limited (Yanlord Land) set up new subsidiaries in three cities in China.
According to an announcement, Yanlord (Shenzhen) Investment Management Co., Ltd. set up a new company in Hainan with an interest of 51%. The new firm, Hainan Yanlord Luqiao Investment Co., Ltd., will focus on property development.
It also set up a new entity, Shenzhen Yanlord City Re-development Co., Ltd., for city redevelopment activities.
Yanlord Property Service Management (China) Co., Ltd. (Yanlord Property) established Suzhou Gusheng Fitness Services Co., Ltd., which will focus on fitness services and related activities.
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