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Build King Hold (00240.HK) and WAI KEE HOLD (00610.HK): Huiji China State Construction Engineering Corporation plans to sell a 75.576% stake in Wuxi Qianhui Sewerage for 0.125 billion yuan.
On November 18, Glonghui announced that build king hold (00240.HK) and WAI KEE HOLD (00610.HK) entered into a sale and purchase agreement on November 18, 2024. Huiji China State Construction Engineering Corporation (a subsidiary of build king hold and Huiji) acted as the seller, while the buyer was Wuxi Huicheng Water Affairs Group Co., Ltd., and the target company is a subsidiary in which Huiji China State Construction Engineering Corporation holds a 95.576% stake. According to the sale and purchase agreement, Huiji China State Construction Engineering Corporation agreed to sell, and the buyer agreed to purchase the equity of the target company, which comprises a 75.576% interest in Wuxi Qianhui sewerage.
Briefing on the business situation of China Construction from January to October 2024
Express News | china state construction engineering corporation: The total amount of newly signed contracts from January to October increased by 4.4% year-on-year.
Express News | China State Construction Engineering Corporation: The total amount of newly signed contracts from January to October reached 3,572.5 billion yuan, a year-on-year increase of 4.4%.
China Building Materials Circulation Association: In October, the BHI slightly rose, and the national building materials and home furnishing market continues to maintain the "golden September and silver October" peak season trend.
In October, the national building materials and home furnishing market continued to follow the booming trend of the "Golden September and Silver October" season. With the effectiveness of consumer goods "trade-in" and a series of incremental policies, the demand for building materials and home furnishings was further stimulated, leading to a slight increase in the BHI in October.
Express News | The increase stake & buy back loan policy is strong, and the company is motivated and taking action quickly.
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