China Resources Land and Quanzhou State-owned Assets establish a real estate development company with a registered capital of 1.2 billion yuan.

According to the Enterprise Check App, recently, Quanzhou Runjin Real Estate Development Co., Ltd. was established with Gao Xinran as the legal representative and a registered capital of 1.2 billion yuan. Its scope of business includes real estate development and property management. Equity penetration data from Enterprise Check shows that the company is jointly held by subsidiaries of China Resources Land Limited, Quanzhou Runtou Real Estate Development Co., Ltd., Quanzhou Urban Construction Group, and Yue Real Estate Limited.