China Merchants Shekou has established a property development company in Beijing. According to Qichacha, Beijing Zhaoxin Real Estate Development was recently incorporated, with Li Ang as its legal representative and registered capital of 200 million yuan. Its business scope includes real estate development and management, property management, parking lot services, and leasing of non-residential properties. Qichacha equity penetration shows the company is wholly owned indirectly by China Merchants Shekou.
China Merchants Shekou Industrial Zone HoldingsSets up a Beijing property development subsidiary with 200 million yuan registered capital, but impact on overall company is unclear.
