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GSH unit incorporates property development company in China
MAINBOARD-LISTED property developer GSH Corporation's subsidiary, GSH (Xi'an) Investments, has incorporated a property development company in China.
Called GSH (Xi'an) Property Development Co, the China unit has registered capital of S$135.25 million.
The move is in line with the group's expansion plans into China, it said in an exchange filing on Wednesday.
The incorporation is not expected to have any significant impact on the net tangible assets or earnings per share of the company for the current year.