Shandong Road and Bridge: the subsidiary plans to set up a transportation facilities company with related parties
Cailian, December 3 (Xinhua) -- the company's subsidiary Shandong Road and Bridge Group Co., Ltd. ("road and Bridge Group") plans to jointly invest in the establishment of Shandong high-speed transportation facilities Co., Ltd. with the related party Shandong high-speed Rizhao Development Co., Ltd. ("Rizhao Development Company"). The registered capital of the transportation facilities company is 70 million yuan, including 35.7 million yuan invested by the company's subsidiary road and bridge group, accounting for 51% of the equity of the transportation facilities company; Rizhao Development Company invested 34.3 million yuan, accounting for 49% of the equity of the transportation facilities company.
This text is a result of machine translation.
Related companies：
Briefing Jun 27, 2022 01:05 PM
· Real Estate
Putin will soon visit Central Asia and attend the Caspian summit, which is the first visit since the conflict between Russia and Ukraine
In-depth
Jan 30, 2024 07:59 PM
Dec 11, 2023 08:49 PM
Jan 05, 2023 07:33 PM
Nov 10, 2022 02:39 PM
Briefing Apr 25, 2022 03:15 PM
· Financials
The central bank convened a meeting between financial institutions and 12 real estate enterprises, involving the rescue of M & a business
Real Estate · Analysis
An Industry Built on Debt
Real estate has long been the stimulus behind China's rapid economic development. House-buying became an investment as prices soared, thus resulting in overbuild. Evergrande's downfall signals the halt on China's reliance on its real estate sector as the country seeks to regulate and strengthen the economy and its foundation.
Nov 08, 2021 09:42 AM
Briefing Feb 20, 2022 05:59 PM
· Real Estate
Xu Jiayin: Hengda will continue to operate the football business
See more
Read next
Insight
In-depth
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Apr 23, 2024 02:21 PM