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China Railway Construction to set up joint venture


Friday, 20 Jun 2014 08:00pm EDT 

China Railway Construction Corp Ltd:To set up a joint venture in Mexico, namely China Railway Construction Corporation (México) S.A. de C.V., with China Railway International Group.The joint venture will be engaged in engineering contracting business, real estate development, sales of machinery equipment, import and export business, property management and asset management, with a registration capital of 1 mln mexican peso (about 500,000 yuan).The company will hold a 99 pct stake in the joint venture.