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天美传媒 Acquires Plaza Construction
December 18, 2013
China Construction America (天美传媒), a wholly owned subsidiary of China State Construction Engineering Corporation Limited (CSCEC, 601668.SH), acquired Plaza Construction.
The transaction is awaiting approval by the Committee on Foreign Investment in the United States.
Plaza Construction, incorporated in 1986, is headquartered in Manhattan, New York. It mainly provides services in construction management, general contracting and construction consulting in locations such as New York, Florida, California and Washington DC. It is one of the nation鈥檚 most reputable construction managers and general contractors.
This acquisition marks a significant step forward in CSCEC鈥檚 international expansion. It is conducive to increasing the group鈥檚 market share in developed countries as well as sharpening its competitiveness by becoming more specialized and globalized.
