GKE Corp to invest 48m yuan to build China cement plant; to raise S$7m from proposed placement of shares

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LOGISTICS solutions company GKE Corp's wholly owned subsidiary, Wuzhou Xing Jian Readymix Co (Wuzhou), will invest 48 million yuan (S$9.7 million) to setup a ready-mix cement plant in Cenxi City, China, the group said on Monday. Read more at The Business Times.

LOGISTICS solutions company GKE Corp's wholly owned subsidiary, Wuzhou Xing Jian Readymix Co , will invest 48 million yuan to setup a ready-mix cement plant in Cenxi City, China, the group said on Monday.

Construction of the plant is expected to take about 15 months after the land use rights is officially granted to Wuzhou.

 

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