(10 June 2018 - Hong Kong) CNQC International Holdings Limited ("CNQC International," "the Company," together with its subsidiaries, collectively "the Group”, stock code: 1240.HK), a leading property developer and contractor in Singapore, is pleased to announce its wholly-owned subsidiaries CNQC Engineering & Construction (Malaysia) SDN. BHD. (“CNQC Engineering & Construction”) successful won the bid for one Malaysia construction project, further promoting the business layout in Malaysia market and enhancing the “Belt and Road Initiative” development strategy.
The floor area of the winning project is 75,932 sq.m. and the total contract amount is approximately HKD351 million. With strong business strength and excellent
competitiveness, CNQC Engineering & Construction finally successfully won the bid with the highest score among many competitors. This is also the third project that CNQC International has acquired in the Malaysia market in the past half year, which fully demonstrates the solid advancing capacity and competitive advantage of CNQC International in the “Belt and Road Initiative” market.
The Chief Executive Officer of CNQC, Mr. Wang Congyuan, said, “As a real estate and construction company that has been developing in Singapore market for nearly 20 years, the Southeast Asia region has always been the preferred area for the Group’s development and expansion. The Group will focus on actively responding to new business opportunities created by the “Belt and Road Initiative” and continue to pursue business opportunities in construction and property development in Southeast Asian markets. Going forward, CNQC International will further promote the business layout in Malaysia market, and in the same spirit, actively strive for high-quality construction and property development projects in Indonesia, Vietnam and other Southeast Asia countries, so as to enhance CNQC’s industry-leading position in these countries and strive for long-term business development for the Group.”
