China National Building Materials proposes restructuring of engineering subsidiaries

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China: China National Building Materials has submitted a letter of intent of cooperation to its subsidiary Sinoma International Engineering, in which it proposes the sale of several engineering businesses to the latter. ET Net News has reported that the assets in question are under negotiation, but may include Beijing Triumph Building Materials, Nanjing Triumph International Engineering and Sinoma Mining Construction.

Last modified on 21 October 2020


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