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Jiangsu Zhongnan Construction Group Co Ltd to Set up Joint Venture


Thursday, 3 Jan 2013 07:00pm EST 

Jiangsu Zhongnan Construction Group Co Ltd announced that it will invest RMB 300 million to set up a joint venture with a Nantong-based coastal development group company and a Nantong-based holdings development company, with each to hold a 60%, a 20% and a 20% stake. The joint venture will be with a registered capital of RMB 500 million and be engaged in the investment, real estate development and operation. 

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