Recently, Nanjing Ruicheng Real Estate Co., Ltd. was established. Its legal representative is Wei Deyu. Its registered capital is 30 million yuan. Its business scope includes: real estate development and management; construction projects; residential interior decoration; property management; housing leasing; housing demolition services; landscaping construction, etc. The company is jointly owned by China Construction Equation Investment Development Group Co., Ltd. (60%) and Nanjing Guohong Real Estate Co., Ltd. (40%).
China Construction Equation Investment Development Group Co., Ltd. (Hereinafter referred to as "China Construction Equation") is a wholly-owned subsidiary of China State Construction Engineering Corporation Limited, the ninth largest enterprise in the world's top 500 (ranked in 2022).