Project cost and financial benefits derived from the proposed collaboration cannot be ascertained at this point of time. As at 31 August 2017, the total issued share capital of CNQC Intl is HK$14.29 million comprising 1.43 billion ordinary shares of HK$0.01 each. In 2012 CNQC Intl was ranked number one “in terms of the number of property sales in Singapore among foreign property development enterprises”. To date, the total sales of property projects by CNQC Intl in Singapore amounted to approximately HK$50 billion. In a research note earlier this week, MIDF Research described this development as Vivocom “tapping directly into the OBOR network”.

Source: New Strait Times October 19, 2017 11:15 UTC