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Yanlord to engage in primary land redevelopment project in Zhongshan, Guangdong
YANLORD Land Group has entered a strategic alliance with a subsidiary of state-owned China Resources Land Limited, for primary land development in Zhongshan, Guangdong.
This was achieved through a 64 million yuan (S$13 million) acquisition of shares in a group of entities owned by Zhongshan Renyuan Investment (ZRI).
The move allows Yanlord to be part of a Guangdong provincial level project - a 1.23 square kilometre site to be redeveloped into a landmark lifestyle and services hub in Zhongshan city.