Wolong Real Estate (600173) notice, the Company intends to contribute 65 million yuan to Beijing Olympus Tianyuan Investment Co., Ltd. and Feng Chong respectively held in Qingdao Jia Yuan Shing Real Estate Limited liability company 74% and 1% of the shares. After the transfer is completed, the company will hold a 75% stake in the original Shing home, Austrian Tianyuan holds a 25% stake in the original Shing. Ka Shing was established on January 29, 2010, the registered capital of RMB billion yuan, paid-in capital million yuan. The main business scope for the real estate development, hotel management, property management. Ka original Sheng owned land area of 39734 square meters of state-owned construction land piece, the use of commercial clothing (catering hotel) use, the transfer of 40 years, the case is located in the south side of Huangdao District Silver Beach Road, has not yet developed. The announcement said that this foreign investment will improve the company's business and product layout structure, enhance the company's sustainable development capacity.
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