China Communications Construction Co Enhances Subsidiary Collaboration

China Communications Construction Co (HK:1800) has released an update.

China Communications Construction Co has announced a series of agreements with its connected subsidiaries to enhance operational efficiency and resource sharing over the next three years. These agreements, which focus on leasing assets, project contracting, and the mutual sale and purchase of products, are expected to streamline operations and improve collaboration across the company’s subsidiaries. These transactions, while substantial, remain under the threshold for requiring independent shareholder approval, thus simplifying their implementation.

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