Abstract : CCCC announced that its board meeting approved the transaction of its subsidiary CHEC Zhen Hua Engineering Co. Ltd. (Hong Kong)'s acquisition of 51 percent stake in CCCG Overseas Real Estate (CORE)'s wholly-owned U.S investment unit.
BEIJING, Sept.28 (Xinhua) -- China Communications Construction Company Ltd (CCCC) announced that its board meeting approved the transaction of its subsidiary China Harbour Engineering Company Ltd. (CHEC) Zhen Hua Engineering Co. Ltd. (Hong Kong)'s acquisition of 51 percent stake in CCCG Overseas Real Estate (CORE)’s wholly-owned U.S investment unit.
The amount of the transaction would be 55.52 million U.S dollars (approximately 379 million yuan) in cash. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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