GSH expands into Chinese real estate
Firm invests 200m yuan for a 30% stake in Henan Zhongyuan Group
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Singapore
REGIONAL property developer GSH Corporation Limited has invested 200 million yuan (S$40.6 million) for a 30 per cent stake in Henan Zhongyuan Group, which owns a food logistics and warehousing hub in Zhengzhou, China.
The net tangible assets value of Henan Zhongyuan as at June 30, 2016 is 515 million yuan. This investment from GSH would transform Henan Zhongyuan into a Sino-foreign joint venture company.
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