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XINJIANG COMMUNICATIONS CONSTRUCTION GROUP plans to establish a holding subsidiary to explore the engineering constructi…

Zhitong

2 days ago, 06:52 AM

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Xinjiang Communications Construction Group announced that it plans to jointly invest with Yiwuxian Urban Construction Investment Management Co., Ltd. to establish a holding subsidiary "XinJiaoJian (Hami) Construction Development Co., Ltd." with a registered capital of 40 million yuan. The company will invest 20.4 million yuan of its own funds for a 51% stake, aiming to jointly explore the engineering construction market in Yiwuxian and surrounding areas

According to the announcement from Zhitong Finance APP, Xinjiang Communications Construction Group (002941.SZ) plans to jointly invest with Yiwuxian Urban Construction Investment Management Co., Ltd. to establish a holding subsidiary named "XinJiaoJian (Hami) Construction Development Co., Ltd." (tentative name, referred to as "holding subsidiary"), to jointly explore the engineering construction market in Yiwuxian and surrounding areas. The registered capital of the holding subsidiary is 40 million yuan, of which the company will contribute 20.4 million yuan in its own funds, accounting for 51% of the registered capital

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