drbubb Posted January 28, 2019 Report Share Posted January 28, 2019 Interdev's (IRC) Makati City Subway project Map: source Target: by year-end, once a US$3.7Bn Swiss challenge is completed + Originated as a PPP proposal from an international consortium + IRC Properties, the consortium, was given Originating proponent Status + Bids to be submitted by end Sept.2018, and IRC may win by matching best === Investment in the Makati City subway project / Philippine Interdev Holdings ... 5yr : 2yr : 1yr / 10d - Last: P2.36 (L: 0.66- H: 2.97) Shanghai Mintu Investment Holding Co ... (cannot find a stock symbol) Kwan On Holdings Ltd / HKG: 1559 ... 5yr : 2yr : 1yr : / hmm, may be looking for a future === Another Chinese firm to invest $100M for Makati subway Ni Xiaohong, Chairman on the board of Shanghai Mintu Investment Holding Co. said the Ministry of Commerce has given the company the green light to invest in the ambitious project undertaken by publicly-listed Philippine Interdev Holdings (formerly IRC Properties Inc.) He said the company with an asset base of about 5 billion yuan, is the first private co. given the green light by the MofC to invest overseas. The chairman said his company is interested in investing in major infrastructure projects in the Philippines Shanghai Mintu ventured into shipbuilding in 2001, and was listed on the Singapore stock exchange in 2003. It is also active in mining and finance. It has executed a binding memorandum of agreement with China Civil Engineering Construction Corp (CCECC). The wholly owned sub of China Railway Construction Corp (CRCC) has committed to invest between $300-350 million in connection with the Makati City subway public private partnership project / 2 / IRC gains traction in $3.7-billion Makati rail project Iris Gonzales (The Philippine Star) - June 21, 2018 The proposed transport system will complement the mass transport projects of the national government as it would be interconnected to the MRT, the proposed Metro Manila Mega Subway and the Pasig River ferry. IRC recently applied for an increase its authorized capital to P10.5 billion from P1.5 billion. Several companies have already indicated their intention to be part of the IRC consortium. These are Greenland Holdings Group, Jiangsu Provincial Construction Group Co. Ltd., Kwan On Holdings Ltd., and China Harbour Engineering Co. Ltd. Greenland is a publicly-listed real estate firm and part of the Shanghai Stock blue chip index while the Jiangsu Provincial Construction Group is a construction company founded in 1956 and is one of the pioneers in China’s construction and installation industry.Kwan On Holdings Ltd., on the other hand, is listed in the Hong Kong Stock Exchange, while Shanghai MinTu Investment Holdings is a Shanghai based integrated investment holding group focusing on infrastructure, mass transportation, and financial services. Link to comment Share on other sites More sharing options...
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