CapitaLand completes sale of Hong Kong Yong Zheng Group

Yong Zheng is now 100% owned by The Ascott Holdings Limited.

Yong Zheng, an investment holding company incorporated in Hong Kong SAR, is the owner of Guangzhou Hai Yi Property Development Co Ltd which is a licensed developer in Guangzhou. Hai Yi owns the 208-unit serviced apartment block in Guangzhou known as Ascott Guangzhou.

However, as TAHL is a wholly owned subsidiary of CapitaLand, Yong Zheng is also a wholly owned subsidiary of CapitaLand.

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