Zhenhua Port Machinery targets output boost through acquisition

Infrastructure and Construction

Saturday, August 30, 2008 06:00:48

	Zhenhua Port Machinery targets output boost through acquisition By STAFF EDITOR Published: May 09, 2008 06:33 PM Shanghai Zhenhua Port Machinery Co (600320.SH) president Guan Tongxiang said the company’s output would reach US$4.28 billion (RMB30 billion) this year if it can acquire smaller rival Shanghai Port Machine Plant (SPMP), China Business News reported. Zhenhua is hoping to buy SPMP and a 60% stake in Jiantian Hotel from China Communications Construction Co (1800.HK) ... You are currently reading 57 words of 173 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: human resources	More Articles in Infrastructure and Construction > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Sinopec allowed to build nation’s No 1 refinery Jidong Cement maintains frantic expansion Sichuan’s cement sector over-invested following quake Xinjiang Urban Construction net profit up 783% in 1H Tengda Construction wins US$44m Shanghai road contract CDB-led consortium grants Jiangxi province $776m loan package Gezhouba wins rail track contract

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