SINGAPORE (Dec 4): China Great Land Holdings is convening an extraordinary general meeting (EGM) to seek shareholders’ approval to diversify its business to include the provision of environmental solutions.

China Great Land’s subsidiary, Hainan Pearl River Foundation Engineering Co. is facing difficulties in boosting its revenue and improving profitability as it has not been able to secure contracts following the disposal of the group's steel pile manufacturing business as well as intense competition in China.

The group notes that the rise in industrialisation in China in the past decades has led to serious air and water pollution issues within the country, particularly in the major cities.

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