China Telecom giant Huawei set up a real estate investment company with a registered capital of 1.5 billion yuan (RMB, the same below, about S $ 280 million).However, people familiar with the matter said the company did not expand its property business attributes.
According to the "Securities Times E company", Tianyan Check data shows that on August 3, Dongguan Tangya Industrial Investment Co., Ltd. was established with a registered capital of 1.5 billion yuan.
Shareholders' information shows that Dongguan Tangya Industrial Investment Co., Ltd. is wholly -owned by Huawei Investment Holding Co., Ltd.
The company's introduction shows that the company's business scope includes housing leasing, non -residential real estate leasing, park management services, engineering management services, real estate development and operation, etc.
Some people familiar with the matter revealed to the Chinese media that the company mainly undertakes the function of construction and management of supporting talent housing, and has no expansion of real estate business attributes.
According to the inventory of the "CNMO" of the Chinese technology new media, Huawei has continued to buy land since the terminal headquarters moved to Songshan Lake, Dongguan.As of 2020, Huawei has won 36 land in the Songshan Lake area, of which 15 of them are specially used in the construction of talent apartments, covering a total area of 949,000 square meters, with a total land price of 6.228 billion yuan.
An article analysis, this time Huawei's establishment of a special real estate company in Dongguan may be to facilitate the unified centralized management of the current and future own real estate.
