It has a registered capital of $20.9m.
CapitaLand will further expand its China footprints through its 50% owned Ningbo Xincheng Hotel Management which is still under business development, an announcement revealed.
With a registered capital of RMB100m ($20.9m), the new firm will focus on hotel management, property management, apartment management and consultancy services.
Also read: CapitaLand buys $1.18b property in China
CapitaLand has been acquiring more hotel properties as it eyes expansion in China.
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