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Published Thu, Mar 12, 2020 · 09:50 PM

Guocoland

PROPERTY developer Guocoland has established a new subsidiary called Chongqing Xin Hao Ren Real Estate Development Company in China with a registered capital of RMB 1.3 billion (S$260 million), the mainboard-listed company said in an exchange filing on Thursday. The subsidiary is not expected to have any financial impact on the group's net tangible assets and earnings for the financial year ending June 30, 2020.

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