China State Construction International divest 60% stake in China Shipping Port
China State Construction International has entered into a contractual agreement to divest a 60% stake in China Shipping Port (Laizhou) Co., Ltd. The cash consideration for 60% equity is valued at CNY 1,182 million (US$ 169.9 million). The guarantee payment of CNY 236.41 million (US$ 33.93 million) has already been made, the remaining amount for consideration must be completed in 15 days to close the transaction.
Country updates
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August 05, 2020
USD 700 million metro PPP project awarded in China
The Shenzhen Municipal Government in China has awarded MTR Consulting and China Railway Electrification Bureau (EEB) the tender for the Shenzhen Metro Line 13 (Line 13) Private-Public P...
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June 01, 2020
CNY 2.46 billion tram line opens in China
The initial 12.9 km section of Tianshui City tram line in Gansu province of China has started operations. The CNY 2.46 billion (USD 345 million) project is being implemented under a public-private par...
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May 26, 2020
First phase of USD2.5bn highway bridge project launched in China
The Municipal Transportation Bureau in Zhejiang province of China has launched the first phase of Liuheng Highway Bridge project at Ningbo-Zhoushan Port.
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May 11, 2020
IMM Investment corp. invests US$ 40 million in United Water
IMM Investment Co. (IMM) announced that it has invested USD 40 million in United Water Corporation via its ‘Green Infrastructure Fund’.IMM plans to deploy funds from ‘Infra Fund VII&...
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May 06, 2020
Everbright Belt & Road Green Fund completes fundraising from Everbright Cornerstone LPs
China Everbright Limited announced the launch of the “Everbright Belt & Road Green Fund”. The Fund is led by China Everbright Group, launched and managed by China Everbright Limited. T...
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