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A further step along the “Belt and Road” strategy: Pangyuan Leasing will set up a Cambodian company

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2018/03/13 09:19
A further step along the “Belt and Road” strategy
 
- Pangyuan Leasing will set up a Cambodian company
 
A few days ago, Shanghai Pangyuan Machinery Leasing Co., Ltd. (hereinafter referred to as Pangyuan Leasing) was approved by the Shaanxi Jianshe Machine Shares Co., Ltd. [2018] No. 17 with registered capital of US$7 million. Cambodia Pangyuan Machinery Engineering Co., Ltd. was established in Phnom Penh, Cambodia. .
 
On December 15th, 2017, Pangyuan Leasing won the bid for the Cambodian Battambang Conch Cement Equipment Service Project. The estimated annual output value of the project is 70 million yuan (RMB).