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Dongxing: Overseas expansion opens up greater development space for leading state-owned enterprise construction.
With the improvement of the global competitiveness of China's central enterprises in the construction sector, overseas development will bring greater development space.
Suzhou Gold Mantis Construction Decoration (002081.SZ): Awarded first place in the 2023 China State Construction Engineering Corporation decoration and design industry.
On December 11, Gelonghui reported that Suzhou Gold Mantis Construction Decoration (002081.SZ) announced that the results of the "2023 Annual Comprehensive Data Statistics of the China National Association of Decoration" organized by the China National Association of Decoration have been officially revealed. The company has also won first place in both the decoration category and the design category, once again maintaining its top position.
China State Construction Engineering (SHSE:601668) Shareholders Have Earned a 34% Return Over the Last Year
Express News | China State Construction Engineering Says Its Consortium Wins Bid for Highway Project at Around 21.2 Bln Yuan
China State Construction Engineering Corporation (601668.SH): Bid won for the new construction project of the Eyang to Nanfeng Expressway in Jiangxi Province.
On December 9, Gelonghui reported that china state construction engineering corporation (601668.SH) announced that it, along with its subsidiary China Construction Infrastructure Co., Ltd., the China State Construction Engineering Third Bureau Group Co., Ltd., the China State Construction Engineering Fifth Bureau Group Co., Ltd., China State Construction Fourth Bureau (Xiamen) Investment Development Co., Ltd., and the China State Construction Engineering Eighth Bureau Group Co., Ltd. formed a consortium and won the bid for the Jiangxi Province Yiyang to Nanfeng Expressway New Construction Project franchise (hereinafter referred to as this project). This project starts in Yiyang County, Shangrao City, Jiangxi Province, connects to the new Yiyang West interchange of the Huhong Expressway, and runs south through Guixi City in Yingtan City, Zixi County in Fuzhou City, Nancheng County, Licun County, and Nanfeng County.
China State Con (03311.HK) subsidiary China State International Investment establishes factoring arrangements.
On December 6, Grand Enter announced that China State Con (03311.HK) has entered into a factoring arrangement on December 6, 2024, whereby on the same day, China State Con Investment (its indirectly wholly-owned subsidiary) entered into the following agreements: (1) Accounts receivable transfer contract one with Wenzhou Hai Sheng; (2) Accounts receivable transfer contract two with Wenzhou Hai Heng; and (3) Factoring contract with China State Commercial Factoring, concerning the transfer of accounts receivable to China State Commercial Factoring, which (a) provides a principal amount of 0.25 billion yuan (equivalent to approximately HKD) to China State Con Investment at a discount rate of 94.7%.
