Yanlord Land Group Limited
SIN:Z25 ISIN:SG1T57930854
Yanlord Land Group Limited (SIN:Z25) is a real-estate developer that is engaged in the provision of apartment units, as well as commercial and integrated property projects. The Company’s operations are located in the People’s Republic of China (PRC). It revenues are from residential property development and sales. Yanlord has retained an aggregate gross floor area (GFA) of approximately 500,000 square meters spread across Chinese cities, such as Chengdu, Tianjin and Zhuhai for the development of commercial properties. On April 2, 2008, a subsidiary of the Company, Yanlord Development (Tianjin) Co., Ltd. (YDT), acquired an additional shareholding interest of 70.6% in Tianjin Yanlord Haihe Development Co., Ltd. (TYHD). In December 2008, Yanlord Land Group Limited announced that it has through its subsidiary, Shanghai Yanlord Property Co., Ltd. (SYP), incorporated a wholly owned subsidiary in Shanghai, the People’s Republic of China, known as Shanghai Yanlord Yangpu Property Co., Ltd.
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Asian markets rallied Wednesday led by resources shares. Japan's Nikkei surged 2.7 per cent while Japanese exporters were helped by the weaker yen. Hong Kong market rose 1.3 per cent led by Chinese banks, as investors digested the Chinese government's decision before the Lunar New Year holiday to increase bank reserve requirement. Singapore also resumed trading on Wednesday and posted a 1.3 per cent gain. Today Shanghai and Taiwan markets remained closed.
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