Home » Business » Manufacturing
Purchase eyed
Source: Bloomberg News |
December 6, 2011, Tuesday
|
Print Edition
Print Edition
CHINA State Construction Engineering Corp, the nation's biggest builder by market value, intends to buy an American construction company next year as it begins investing as much as US$2 billion in the world's largest economy.
The builder has shortlisted two potential takeover targets, including one with annual sales of about US$1 billion, Vice President Chen Guocai said yesterday in Hong Kong. He declined to elaborate on the companies or on how much the builder may spend on its first acquisition in the United States.
The company wants to boost the proportion of overseas sales earned in the US to 15 percent from 5 percent within five years, Chen said.
The builder has shortlisted two potential takeover targets, including one with annual sales of about US$1 billion, Vice President Chen Guocai said yesterday in Hong Kong. He declined to elaborate on the companies or on how much the builder may spend on its first acquisition in the United States.
The company wants to boost the proportion of overseas sales earned in the US to 15 percent from 5 percent within five years, Chen said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
