[ET Net News Agency, 29 July 2019] China Communications Construction Company Limited
(01800) said in order to jointly invest in the PPP project of integrated urban development
and operation in Jianzhou New Town, Chengdu City, certain wholly-owned subsidiaries of the
Company (namely CCCC Investment, CCCC Urban Investment, CCCC Highway Consultants, CCCC
First Harbour, CCCC Second Harbour, CCCC Fourth Harbour and CCCC-FHDI), SMEDRIC (a
wholly-owned subsidiary of CCCG) and Jianzhou New Town entered into a shareholders'
agreement for the formation of a project company.
The registered capital of the project company is RMB500 million, of which RMB447.75
million will be contributed by certain wholly-owned subsidiaries of the company in total,
accounting for 89.55% of the total registered capital; RMB2.25 million and RMB50 million
will be contributed by SMEDRIC and Jianzhou New Town, accounting for 0.45% and 10% of the
total registered capital, respectively. (RC)