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CCCC (01800) to sell CCCC Resource to parent for HK$192m
China Communications Construction Company (CCCC)
(01800) said it agreed to sell the entire shares in CCCC Resource Investment Co., Ltd. for
US$24.55 million (equivalent to about HK$192 million) to controlling shareholder China 
Communications Construction Group (Limited).
  CCCC Resource was incorporated in Mauritius on 15 November 2015 and is principally 
engaged in the construction of a platform for investment in the resources overseas,
especially in Africa. The transfer of the shares in CCCC Resource may therefore allow CCCC
to concentrate more on and make more centralized investment in its principal activities, 
to further strengthen its core competitiveness and also help further enhance its 
profitability.
  The total gain from the proposed disposal is expected to be US$2.55 million (equivalent
to about HK$19.92 million). The proceeds will be used flexibly to replenish CCCC's working
capital, repay our bank loans and invest in projects.

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