Ordos Yitai Investment Holdings

Zhang Shuangwang, founder and actual controller of Yitai Group, exercises ultimate authority over the investment holding company. He holds 37.54% of the entity directly. His son, Zhang Donghai, holds a 3.78% minority stake and previously served as Chairman of Yitai Group.

The firm sources deals primarily through its ability to act as a liquidity provider to distressed Chinese developers. Its acquisition of multiple projects from China Evergrande Group during that developer's restructuring demonstrates its role as a buyer of last resort for real-estate assets that traditional lenders and investors have abandoned.

The firm focuses on mezzanine financing and direct distressed-asset acquisitions. It does not participate in early-stage venture or traditional private-equity buyouts. Its capital is deployed into structured credit positions and outright purchases of stalled or overleveraged real-estate projects, primarily from Chinese developers undergoing restructuring.

The Zhang family formally separates the two through distinct shareholding structures. Zhang Shuangwang holds his stake in Ordos Yitai Investment Holdings directly, while Yitai Group remains the operating coal entity. Zhang Donghai’s transition from group chairman to a minority holder in the investment vehicle further delineates governance between the operating business and the family’s proprietary investment activity.