As CGGC announced on March 11, it is determined on the 13th session (temporary) of the 6th CGGC Board of Directors to set up China Gezhouba Group Overseas Investment Company Limited (hereinafter referred to as Overseas Investment Co). Possessing the registered capital of 3 billion yuan in Beijing, the Overseas Investment Co. has 100% of its equity held by CGGC.
The announcement says that the Overseas Investment Co. operates business in scopes of offshore industries, such as hydropower, environmental protection, water supply, transportation, mineral resources, cement and civil explosion, overseas real estate exploitation including investment, marketing, project construction and management, project operation, asset management and relative engineering techniques and consulting services, rental facilities, export-import trade, building material import and manufacture and other related industries to construction.
It is learned that CGGC aims at seizing historic opportunities brought by the national strategy of “One Belt One Road” and policy of interconnection and capacity cooperation and realizing the complementation between investment and project contracting at the service of CGGC to put the development plan of International Business in Priority into practice in all fields. The Overseas Investment Co. will act in the role of CGGC’s investment platform abroad, taking full advantages of resource integration capability and integral resources. Further to this, it will coordinate to promote exploitation, construction and operation of international projects on the way through the whole industrial chain connecting investment, financing, construction management and asset operation of CGGC.
