China Information

Thursday, December 21, 2006

First Investment Company Set Up by Fortune 500 Enterprise in Sichuan

After the application of Lafarge Group, one of the Fortune 500 enterprises, for acquiring Sichuan Shuang Ma Investment (Group) Ltd. and setting up a wholly foreign-owned investment company was approved, the new Sichuan Shuang Ma Investment Group has handled registration procedures in Mianyang of Sichuan Province with registered capital of USD54.05m. They will make investment, including providing outsourcing businesses of services of foreign companies, within the areas permitted by the state according to Chinese law and regulations. The acquired Sichuan Shuang Ma Investment (Group) Ltd. is the first investment company set up in China by Lafarge and also the first investment company set up in Sichuan by a Fortune 500 enterprise.

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