China Fortune Land Development: A Case Study
Problem
China Fortune Land Development Co Ltd (CFLD) is one of the leading industry city developers in China, based in Beijing, with an estimated net worth of more than US$4.1 billion.
In 2015 was, one of the planned CFLD projects in Indonesia, called the First International New Industrial City (NIC) project officially approved by the Indonesian government. As a result, CFLD is formally entering the Indonesian market to run the project.
Before they proceed with the entire approved investment, one of the CFLD’s initial steps is to establish 5 independent companies to run their activities in Indonesia, including all relevant licenses, permissions, and operation compliances related to their sector.