BELGRADE (Serbia), September 9 (SeeNews) – China's Chongqing Construction plans to establish a subsidiary in Serbia to participate in projects in the European country, it said on Wednesday.
The subsidiary, to be named Chongqing Construction Engineering Group (CCEG) Serbia Branch, will be led by Chinese citizen He Xuanyu, Chongqing Construction said in a filing with the Shanghai Stock Exchange.
The establishment of the Serbian subsidiary is in line with the company’s development strategy and will allow Chongqing Construction to serve the local market more purposefully, the Chinese firm said.
Chongqing Construction is principally engaged in the construction of buildings and infrastructure. The company also is active in other businesses, including manufacture and sales of construction machinery, components, and building materials.