A number of major mainland state-owned enterprises (SOEs) have been ordered to conduct internal investigations into claims that corruption might have affected up to a dozen railway projects.Wednesday, 15 August, 2012, 11:11pm
China CREC Railway Electrification Bureau Group has been evasive about reports that one of its top executives is under investigation.
The company is a subsidiary of China Railway Group, a major state-owned rail construction firm listed in Hong Kong and Shanghai.8 Jun 2012 - 12:00am
Myanmese businessman Steven Law and his company are key players in the Chinese-built oil and gas pipeline and other China-invested infrastructure projects in Myanmar.
Law, who is also known as Tun Myint Naing, wants to get involved in more infrastructure projects linking the country with China.27 Dec 2011 - 12:00am
A senior executive of a state-owned Chinese engineering company has been dismissed for failing to fulfil contract conditions with the Polish government, business news portal Caixin Online reported yesterday.26 Jul 2011 - 12:00am
China Railway Erju, a Shanghai-listed railway construction firm, aims to increase its revenue by 11 per cent to 45 billion yuan (HK$51.17 billion) and the value of its new orders by 17 per cent to 48.5 billion yuan this year, the company said in an announcement posted on the Shanghai Stock Exchange yesterday.17 Apr 2010 - 12:00am
China Communications Construction has a high chance of winning a substantial share of the project to build the Hong Kong-Macau-Zhuhai Bridge, which is worth more than 70 billion yuan (HK$79.4 billion), analysts say.16 Apr 2009 - 12:00am
China Communications Construction, the country's biggest port designer and builder, will focus on improving profit margins this year by diversifying its investments.
'To attain a higher profit margin is the target of the company,' chairman Zhou Jichang said after its shareholder meeting yesterday.19 Jun 2008 - 12:00am
Newly listed China Railway Group plans to spend 18.16 billion yuan (HK$20.2 billion) this year on equipment to build bridges and subways as well as on build-operate-transfer projects, as a way to reverse the decline of its gross profit margin.26 Apr 2008 - 12:00am
China Communications Construction pleasantly surprised the market with an 88.6 per cent increase in last year's net profit to 6.03 billion yuan (HK$6.72 billion), but not all analysts were impressed.14 Apr 2008 - 12:00am
China Railway Group, the largest integrated construction group in Asia, has won 21.97 billion yuan worth of contracts to develop a planned high-speed rail link between Beijing and Shanghai.
Two subsidiaries of the company are among six firms that won deals on the 83.7 billion yuan project.7 Jan 2008 - 12:00am