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Building blocks to diversification

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THE CONVENTIONAL wisdom that one should not put all one's eggs in one basket applies to many businesses, including construction.

Hong Kong-listed Chun Wo Building Construction is looking to further diversify into property development, but remains a player in civil engineering, building and foundation construction, electrical and mechanical installation and fitting-out works.

Chun Wo has undertaken a park-and-ride development in the Choi Hung area, with works involving development, design and construction of a shopping complex with a gross floor area of about 40,000 square feet, a 245,000 sqft residential block, a multistorey car park comprising 504 public parking spaces, and a two-storey public transport interchange with access ramps over Clear Water Bay Road.

According to Mike M.W. Chu, a director at Chun Wo, the firm has also ventured into China's property development market, with offices in Shanghai, Beijing and Guangzhou.

The company is developing its property division, and as such is looking for qualified people to help expand the business.

As some of the Hong Kong-based staff spend time in China as a result of the firm's presence there, the company needs more people in the SAR to keep up with the work here.

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