CapitaLand forms 51% owned subsidiary

It will focus on property management and consultancy services.

CapitaLand established a 51% owned subsidiary, Ya Tu Residence Management (Shanghai) Co., Ltd, in China as part of its business development.

According to a press release, its registered share capital was $205,830 (CNY1m).

The new company will focus on property management and consultancy services.

CapitaLand does not expect the new subsidiary to affect company performance this year.

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