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