SINGAPORE (Apr 3): China Jinjiang Environment’s wholly-owned subsidiary, Hangzhou Jinhuan Investment Co., has agreed to acquire the entire stake in Hangzhou Zhenghui Construction Engineering Co. for RMB 16.0 million ($3.3 million).

Hangzhou Zhenghui is engaged in the provision of engineering, design, construction, project management, and engineering-related consultancy services for projects both within and outside China. It currently provides design, engineering and construction services China Jinjiang.

China Jinjiang says the acquisition will enable the group to establish an in-house platform with integrated design, engineering and construction capabilities.

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