China Communications Construction

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China Communications Construction Company Ltd.
中国交通建设股份有限公司
Public
Traded as SEHK1800, SSE: 601800
Industry Construction
Founded 2005
Headquarters Beijing, People's Republic of China
Area served
Worldwide
Key people
Liu Qitao (Chairman)
Chen Fenjian (President)
Services Road, Railway, Dredging and Reclamation and Port infrastructure
Revenue US$54.8 billion
Owner State-owned Assets Supervision and Administration Commission of the State Council
Number of employees
100,000
Parent China Communications Construction Group
Subsidiaries China Harbour Engineering
China Road and Bridge Corporation
Shanghai Zhenhua
John Holland Group
Slogan We are building a connected world.
Website www.ccgrp.com.cn

China Communications Construction Company (CCCC), or China Communications in short (simplified Chinese: 中国交通建设; traditional Chinese: 中國交通建設; pinyin: Zhōngguó Jiāotōng Jiànshè) is a state-owned construction company based in mainland China.

History[edit]

The company was established in mainland China in 2005 from the merger of China Harbour Engineering Company Group and China Road and Bridge Group. The company 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 an additional subsidiary, Shanghai Zhenhua Heavy Industries Company (ZPMC) (Chinese: 上海振华重工(集团)股份有限公司).

In April 2015, the Australia Government approved the sale of Leighton Holding's John Holland Group, one the country's biggest construction firms, to China Communications Construction Company (CCCC) for A$1.15bn (¥5.46bn; $879m).[1]

As of June 2015, China Communications Construction Company ranks 4th amongst Chinese companies for intangible assets.[2]

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 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.

References[edit]

External links[edit]