On January 20, Gelonghui reported that Ningbo United Group (600051.SH) announced that on January 20, 2025, the company will hold the first extraordinary meeting of the 10th Board of Directors in 2025 to review and approve the proposal for its wholly owned subsidiary, Ningbo United Construction and Development Co., Ltd., to invest in the establishment of a wholly owned subsidiary. The establishment of the new company will have a registered capital of 0.1 billion RMB, funded by the Construction and Development Company through MMF. The purpose of establishing the subsidiary is to meet the local government land transfer conditions required for the recently won SS-CY-28 land parcel in Shengsi County by the Construction and Development Company, as well as to better develop and construct the project.
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宁波联合(600051.SH):建设开发公司拟新设全资子公司
Ningbo United Group (600051.SH): The construction development company plans to establish a wholly-owned subsidiary.
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