You are here

Sapphire acquiring China-based railway infrastructure firm

Acquisition of Ranken Infrastructure for 360m yuan is part of turnaround strategy

BT_20141126_LMXSAP26_1383711.jpg
"We have been quietly working and meeting the local SOEs' managements to explore how we can participate and undertake the projects... via a public-private partnership (PPP) model." - Teh Wing Kwan

Singapore

LOSS-MAKING Sapphire Corporation on Tuesday announced its plans to acquire a China-based engineering, procurement and construction (EPC) business for 360 million yuan (S$75.9 million).

This is part of its corporate turnaround strategy to grow via railway infrastructure

sentifi.com

Market voices on:

Powered by GET.comGetCom