Gelonghui, May 23丨Yatai Group (600881.SH) announced that Jilin Yatai Lianhuashan Real Estate Development Co., Ltd. was established in August 2018. Its business scope is real estate development and operation, housing rental services, etc. The registered address is Lianhuashan Ecotourism Resort in Changchun City, with a registered capital of RMB 50.1 million. The company's wholly-owned subsidiaries, Jilin Yatai Real Estate Development Co., Ltd. and Yatai Real Estate (Group) Co., Ltd., hold 99.98% and 0.02% of their shares respectively.
According to the operating needs of its subsidiary, it was agreed that Jilin Yatai Real Estate Development Co., Ltd. would increase the capital of Jilin Yatai Lianhuashan Real Estate Development Co., Ltd. by 50 million yuan through debt-for-share swaps. After the capital increase, the registered capital of Jilin Yatai Lianhuashan Real Estate Development Co., Ltd. will increase to 1,00.1 million yuan. Jilin Yatai Real Estate Development Co., Ltd. holds 99.99% of its shares, and Yatai Real Estate (Group) Co., Ltd. holds 0.01% of its shares.