Greentown China has established a new real estate development company in Hangzhou, with a registered capital of 1.02 billion.

Tianyancha App shows that recently, Hangzhou Zhenyi Real Estate Development Co., Ltd. was established, with Yu Xianghui as the legal representative. The registered capital is 1.02 billion RMB, and the business scope includes real estate development and property management. It is wholly owned by Greentown Real Estate Group Co., Ltd.