Dongwu Cement and Hengtong Group joint venture

Dongwu Cement and Hengtong Group are to establish a 50-50 joint venture company with a registered capital of CNY150m (US$24.8m).

The scope of business of the joint venture covers primarily highways, urban roads, bridges, tunnels, foundation works, sewage treatment works, and drainage works; and also covers the construction and management of industrial and civil buildings and landscaping projects; engineering technical consultation, project supervision, project bidding agency, property management, sales of building materials and domestic trade.

Hengtong Group is an investment holding company specialised in, among others, the production, sales and engineering services of communication cables, optical fibre cable, power cable, broadband access equipment and optical transmission devices.