Jul. 24, 2012 (China Knowledge) - China Railway Construction Corp Ltd or CRCC<601186
>, a leading state-owned construction company in the country, announced yesterday that three of its affiliates recently signed three contracts worth RMB 19.27 billion in total.
The contract value is equivalent to 4.25% of the company's operating revenue in 2011.
The company said in a statement that its subsidiary China Railway 12th Bureau Group won RMB 8 billion of earthwork contract from a Shanxi-based
China Railway Construction Group, another subsidiary of China Railway Construction Corp, signed RMB 7.47 billion of construction contract.
In addition, China Railway 25th Bureau Group inked about RMB 4 billion of housing construction contract in Guangdong