China State Construction International Holdings (HK:3311) has released an update.
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China State Construction International Holdings has announced the formation of a joint venture company in Beijing aimed at sewage treatment, water pollution control, and municipal facilities management. The joint venture, with a registered capital of RMB760.8 million, aligns with the company’s strategy to enhance its environmental protection-related construction business and is expected to provide stable long-term revenue. The company’s subsidiaries will collectively hold a 35.1% stake in the venture.
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