Binjiang Group and others have established a real estate company in Hangzhou, with a registered capital of 650 million yuan.

According to the Qichacha app, recently, Hangzhou Xingzhan Real Estate Co., Ltd. was established with a registered capital of 650 million yuan. Its business scope includes real estate development and operation. The equity penetration of Qichacha shows that the company is jointly held by Hangzhou Xingyao Real Estate Development Group Co., Ltd. and Hangzhou Binyu Real Estate Development Co., Ltd., a wholly-owned subsidiary of Binjiang Group.