China Communications Construction

China Communications Construction
Public
Traded as SEHK: 1800, SSE: 601800
Industry Construction
Founded 2005
Headquarters Beijing, People's Republic of China
Area served
 Worldwide
Key people
 Liu Qitao (Chairman)
Chen Fenjian (President)
Services Road, Railway, Dredging and Reclamation and Port infrastructure
Revenue US$54.8 billion
Owner Chinese central government (63.84%)
Number of employees
 100,000
Parent China Communications Construction Group
Subsidiaries China Harbour Engineering
China Road and Bridge Corporation
Shanghai Zhenhua
John Holland Group
Website www.ccgrp.com.cn
China Communications Construction Co., Ltd.
Simplified Chinese 中国交通建设股份有限公司
China Communications Construction
Simplified Chinese 中国交通建设
Traditional Chinese 中國交通建設
Second alternative Chinese name
Simplified Chinese 中交建
Traditional Chinese 中交建

China Communications Construction Co., Ltd. (CCCC) is a Chinese publicly traded construction company.

China National Real Estate Development Group is a sister company of China Communications Construction Co., Ltd., which was both owned by China Communications Construction Group Corp., a state-owned enterprise that was supervised by the State-owned Assets Supervision and Administration Commission of the State Council.

History

The company was established in mainland China in 2005 from the merger of China Harbour Engineering Company Group and China Road and Bridge Group. The company is engaged in the construction and design of transportation infrastructure dredging and port machinery manufacturing business. It is the largest port construction and design company in China, the largest dredging company in China and the third largest in the world.

It now holds an additional subsidiary, Shanghai Zhenhua Heavy Industries Company (ZPMC) (Chinese: 上海振华重工(集团)股份有限公司).

In April 2015, the Australia Government approved the sale of Leighton Holding's John Holland Group, one the country's biggest construction firms, to China Communications Construction Company (CCCC) for A$1.15bn (¥5.46bn; $879m).[1]

As of June 2015, China Communications Construction Company ranks 4th amongst Chinese companies for intangible assets.[2]

IPO Investors

CCCC is the largest Mainland China's infrastructure government-owned enterprise company listed in Hong Kong Stock Exchange Market. Some of its stock were bought by billionaires, including Li Ka Shing, Lee Shau Kee, Joseph Lau, Robert Kuok and Alwaleed bin Talal, during its initial public offering (IPO) on December 2006. China Life Insurance Group, Chow Tai Fook Group and Government of Singapore Investment Corporation were its strategic stockholders.

References

  1. ↑ "Australia approves sale of construction firm John Holland to China". BBC News. 8 April 2015.
  2. ↑ "China Communications Construction Company Limited Fundamental Rankings". China Stock Facts. 2015.
This article is issued from Wikipedia - version of the 10/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.