Vanke's subsidiary, Taiyuan Real Estate Development Company, increased its capital to 1.59 billion, an increase of approximately 15768%.

Tianyancha business information shows that recently, Taiyuan Vanke Jiachuang Real Estate Development Co., Ltd. has undergone a business change, with its registered capital increasing from 10 million yuan to approximately 1.59 billion yuan, an increase of about 15768%. Taiyuan Vanke Jiachuang Real Estate Development Co., Ltd. was established in July 2018, with Yang Hongtao as the legal representative and its business scope including real estate development and housing leasing. The equity panoramic penetration map shows that the company is fully owned by Taiyuan Wan Jia Enterprise Management Consulting Co., Ltd., a subsidiary of Vanke Group.