China Communications Construction Company and others have established an urban renewal investment company in Guangzhou.

The Qichacha app shows that recently, Guangzhou Yuhu City Renewal Investment Co., Ltd. was established, with Zhang Yaosan as the legal representative and a registered capital of 20 million yuan. Its business scope includes real estate consulting, consulting and planning services, property management, house demolition services, park management services, hotel management, real estate development and operation, etc. According to Qichacha's equity penetration, the company is jointly held by China Communications Construction Group's subsidiary, China Communications Investment Co., Ltd., and others.