On the afternoon of Oct. 23, Bauing International Construction Investment Co . Ltd, a wholly-owned subsidiary of Bauing Decoration, jointly held a signing ceremony with Sichuan Huashi (Vietnam) Group Corporation Limited and Burma AMM Company at Shenzhen headquarters of Bauing Group.

The signing involves Vietnam and Burma these two countries, three projects and four contracts. Wherein, the contract--- Electromechanical/ Decoration Professional Subcontract for the Resort Center Project of Vietnam DaDang Empire Superior Villa Aparthotel , was signed between Bauing International Construction Investment Co . Ltd and Sichuan Huashi (Vietnam) Group Corporation Limited, with the price of $180 million dollars, equivalent to RMB 1.218 billion yuan. The first and second stages of the contract--- Procurement, Design, Installation and Engineering Services Subcontract for the 230 KV Dual Transmission Line Project of 77 Miles from Burma NANSAM-MINEPYIN-KENGTONG , were signed between Bauing International Construction Investment Co . Ltd and Burma AMM Company, with the price of $ 42.44 million dollars, equivalent to RMB 288 million yuan. The price of another contract-- -6 6 KV Transmission Line (from Burma Chin Mende to Matubi)and Substation Engineering Services Subcontract signed by both companies is 12.7 billion kyat, equivalent to RMB 66.8 million yuan. The total amount of the contract prices above is approximately $231 million dollars, equivalent to a total of RMB 15.65 billion yuan.

Gu Shaoming, the board chairman of Bauing Group, expressed the cooperation is of great strategic significance. 

First, Gu Shaoming, the board chairman of Bauing Group, brought greetings at the signing ceremony, to express his welcome and thanks to all the guest present. He said Bauing Group had met a lot of good friends and partners who were of strategy and responsibility in the process of actively exploring the international market, and extended his thanks to Sichuan Huashi (Vietnam) Group Corporation Limited, Burma AMM Company and Vietnam KMA Group for their trust and support, as well as to the banks and insurance companies that have given help and love to Bauing Group. The successful obtaining of orders from Burma and Vietnam is of great strategic significance, conducive to promoting further expansion and extension of Bauing Group's overseas strategy and in favor of consolidating the Group's confidence to further practice the national strategy "The Belt and Road". Bauing Group is of full expectation for this cooperation and will contribute efforts of a hundred times to complete these projects of high quality and high efficiency and eventually realizes joint development and win-win situations with its partners.

Ling Feng, general manager of the sixth construction company of Sichuan Huashi Group Corporation Limited, looks forward to expanding its cooperation with Bauing.

Ling Feng, general manager of the sixth construction company of Sichuan Huashi Group Corporation Limited, said at the time when Chinese enterprises had successively gone aboard to the countries mentioned by "The Belt and Road", according to the market development situation, the state-owned enterprises and private enterprises should support and help each other, as well as expand overseas under the guidance of "The Belt and Road" strategy based on the principle of "Integrity, Justice, Openness" and "Win-win". Therefore, Sichuan Huashi Group Corporation Limited looks forward to expanding its cooperation with Bauing to seek joint development in the countries along the "The Belt and Road".

U ZAW ZAW OO, the chairman of Burma AMM company, said there would be more and more cooperation between enterprises in these two countries.   

U ZAW ZAW OO, the chairman of Burma AMM company, said he was glad to come to Shenzhen, China, and was also honored to develop a deep cooperation with Chinese enterprises----Bauing Group. It is expected in the latest world economic outlook report released by International Monetary Fund (IMF) that Burma's economic growth will reach 8.6% in 2016, ranking the fisrt among the 200 countries and regions covered by this report. The current Burma government continues to strengthen infrastructure construction, which provides an excellent opportunity for Burma enterprises to cooperate with Chinese enterprises. At this time, it is the best time for Bauing Group and Burma enterprises to develop together. Cooperation between the two countries will be more and more, deeper and deeper with wider and wider coverage.

Bank representative - Xiao Dongliang, president of ICBC Fuyong branch, said he would support Bauing Group to carry out overseas business.  

Bank representative - Xiao Dongliang, president of ICBC Fuyong branch, said ICBC and Bauing Group had maintained a good relationship. In the past two years, Bauing Group has taken a very determined and surefooted effort in the practice of "The Belt and Road" strategy. Especially since the establishment of the Indonesia Bauing Construction Group, it has deeply expanded the Indonesian market and made a series of obvious achievements. ICBC Fuyong branch will continue to support Bauing Group to develop overseas business, escorting its "expedition" in Burma. 

Gu Pu, vice president of Bauing Group and chairman of Bauing International Construction Investment Co . Ltd, signed the contract with Luo Zhengxiang, general manager of Sichuan Huashi (Vietnam) Group Corporation Limited. 

Gu Pu, vice president of Bauing Group and chairman of Bauing International Construction Investment Co . Ltd, signed the contract with U ZAW ZAW OO, chairman of Burma AMM Company.

Thereafter, the signing ceremony officially began. Gu Pu, vice president of Bauing Group and chairman of Bauing International Construction Investment Co . Ltd, signed the contracts with Luo Zhengxiang, general manager of Sichuan Huashi (Vietnam) Group Corporation Limited and U ZAW ZAW OO, chairman of Burma AMM Company respectively.

Representatives present at the meeting   

Representatives from Huashi Group, Burma AMM Company, Vietnam LCSP Company , Burma KMA Group, Huafeng Century Group, ICBC, ICBC Asia, CCB, CMB, CIB, CITIC, China Export & Credit Insurance Corporation, Deloitte & Touche, Bauing jointly witnessed the signing ceremony.

Group Photo  

According to media reports, the contract signing and execution carried out by Bauing International Construction Investment Co . Ltd, a wholly-owned subsidiary of Bauing Share, is conducive to enhancing the brand awareness and market competitiveness of Bauing Share in the countries along "The Belt and Road", promoting Bauing Decoration to further explore the jobber market of its overseas projects and forming a new growth point of profit; and also in favor of further improving the technology and service level of the company in the countries along the "The Belt and Road" to further deepen its internationalization development strategy and objectives.