China Communications Construction Company ( CCCC) Group, China Communications in short form, ( SEHK: 1800, SSE: 601800) ( simplified Chinese: 中国交通建设; traditional Chinese: 中國交通建設; pinyin: Zhōng guó jiāo tōngjiàn shè) is a construction group based on mainland China.
History [ edit ]
The group was established in
Mainland China in 2005 from the merger of China Harbour Engineering Company Group and China Road and Bridge Group. The group is engaged in the construction and design of transportation infrastructure dredging and port machinery manufacturing business. It is the largest port construction and design company in China, the largest dredging company in China and the third largest in the world.
It now holds two
subsidiary companies, Shanghai Zhenhua Port Machinery Company (ZPMC) ( simplified Chinese: 上海振华港口机械; traditional Chinese: 上海振華港口機械; pinyin: Shànghǎi zhènHuà gǎngkǒu jīxiè) and Road and Bridge Construction ( simplified Chinese: 路桥建设; traditional Chinese: 路橋建設).
The chairman of the group is Mr.
Zhou Jichang (Traditional Chinese:周紀昌, Simplified Chinese:周纪昌). The Group is subject currently to a lawsuit in the High Court of Malaysia alleging conspiracy and fraud with regard to the Penang Second Crossing on the part of China Communications Construction Group under Mr Zhou JiChang and China Harbour Engineering Company then under Mr Meng FengChao. Both were deeply involved in actions that led to the award of the project to CHEC instead of sister company, CRBC. Mr Meng has since left and now heads China Railways Construction Company.
IPO Investors [ edit ]
CCCC is the largest Mainland China's infrastructure government-owned enterprise company listed in
Hong Kong Stock Exchange Market. Some of its stock were bought by some of billionaires, including Li Ka Shing, Lee Shau Kee, Joseph Lau, Robert Kuok and Alwaleed bin Talal, during its initial public offering (IPO) on December 2006. China Life Insurance Group, Chow Tai Fook Group and Government of Singapore Investment Corporation were its strategic stockholders.
Misunderstanding [ edit ]
Many investors believed that CCCC is the
joint venture company of the Bank of China, the Bank of Communications and the China Construction Bank, but it is irrelevant to them since it is engaged in constructions industry, rather than bank industry. However, CCCC now holds the stocks of the Bank of Communications and the China Merchants Bank.
External links [ edit ]
Railway construction companies of China