Zhang Soulian

Minmetals Land, a listed arm of metals trading company China Minmetals of which the president is Zhang Shoulian, has  formed a joint venture with German investment fund ASPF II Theta to develop a 70,833 square meter residential project in Nanjing, Jiangsu province.

The joint venture, in which Minmetals Land and ASPF II hold 51.47% and 48.53% stake respectively, will spend RMB 884.8 million for a 98.88% stake in the project. China Minmetals will take the remaining 1.12%.

Minmetals Land is mainly engaged in real estate development and specialized construction.

During the first half of this year, net profit of Minmetals Land fell 84% year-on-year.
Source: China Knowledge