August 4 -- China CAMC Engineering’s (002051) subsidiary CAMC Investment (Laos) won a 50-year land use contract along a river in Vientiane province, Laos, reports 163.com, citing a company filing. However, source did not detail what the state-owned enterprise, which has completed dozens of turnkey engineering projects across Southeast Asia, will develop on the 175,800-square meter tract.

Separately, China CAMC Engineering signed a contract with the municipal government of Vientiane, Laos’ capital and largest city, to develop 425,800-square meters of downstream area along the same river.

Source:capitalvue