(Beijing Comprehensive News) China Telecom giant Huawei set up a real estate investment company, but people familiar with the matter said that the company would not expand its real estate business outside.
Comprehensive Red Star News and Securities Times reported on Monday (August 7) that China ’s national corporate credit information system and Tianyan check data showed that Huawei Investment Holding Co., Ltd. invested in the establishment of Dongguan Tangya Industrial Investment Co., Ltd., with a registered capital of 1.5 billion yuan (RMB, the same below, about S $ 280 million), the legal representative is the king road.
Shareholders' information shows that the company is 100%wholly -owned by Huawei Investment Holding Co., Ltd.
According to the company, 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.
People familiar with the matter said that the company mainly undertakes the function of construction and management of supporting talent housing, and has no expansion of real estate business attributes. It is mainly the attributes of internal services.
Guo Ping, then the chairman of Huawei, said at a seminar in 2021 that Huawei would not develop real estate, but the business involved the whole house intelligence.Established a relationship.
It is reported that from the past, Huawei's real estate business is mainly to accommodate the internal service employees and meet the employees, including Huawei in 2020 for a total transaction price of 1.513 billion yuan, and bought a total area of 227,700 square meters in Dongguan.Build a talent apartment and so on.
