Xinjiang Communications Construction to Invest 20.4 Million Yuan for 51% Stake in JV

MT Newswires Live09-11

Xinjiang Communications Construction Group (SHE:002941) is planning to invest with Shanshui Wensu Energy Investment and Development Group and Aksu Investment and Construction Group to jointly establish Xinjiang Communications Construction (Aksu).

The joint venture will have a registered capital of 40 million yuan, with the construction engineering company investing 20.4 million yuan for a 51% stake, according to a Wednesday filing with the Shenzhen bourse.

Shanshui Wensu Energy Investment and Development Group will invest 15.6 million yuan for a 39% stake and Aksu Investment and Construction Group will invest 4 million yuan for a 10% stake.

Price (RMB): Â¥9.09, Change: Â¥-0.13, Percent Change: -1.41%

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