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GSH expands into Chinese real estate

Firm invests 200m yuan for a 30% stake in Henan Zhongyuan Group

Published Thu, Jul 28, 2016 · 09:50 PM
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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 …

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