China State Construction Engineering Corporation Limited
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| State-owned enterprise | |
| Industry | Construction |
| Founded | 1957 |
| Headquarters | Beijing, People's Republic of China |
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Area served
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Worldwide |
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Key people
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Chairman: Mr. Yi Jun |
| Owner | Central People's Government |
| Parent | SASAC |
| Subsidiaries | China State Construction Engineering Corporation Limited (56.26%) |
| Website | www |
| public | |
| Traded as | : |
| Industry | Construction |
| Headquarters | Beijing, People's Republic of China |
|
Area served
|
Worldwide |
| Owner | China State Construction Engineering Corporation |
| Parent | China State Construction Engineering Corporation (56.26%) |
| Subsidiaries | China Overseas Land and Investment (61.18%) |
| Website | www |
The China State Construction Engineering Corporation (CSCEC) (Chinese: 中国建筑工程总公司) is a Chinese construction company ranked the 3rd largest in the world (1st according to International Construction) and the 20th largest general contractor in terms of overseas sales.
Most of the assets of CSCEC was now floated in the stock exchange as China State Construction Engineering Corporation Limited (CSCECL), CSCEC retained some assets such as schools and hospitals, as well as the stake in China Construction International Corporation (Chinese: 中国对外建设总公司) which was not able to be transferred. Thus, CSCEC granted the listed company supervising rights.
The CSCEC has numerous branches or subsidiaries. It is divided into five main divisions and twelve traditional core business areas, including eight Group's engineering offices and four Design Institutes, as well as its own national research laboratory. The main business units of the group are planning and design, project development, equipment leasing, trade, construction and facilities management.
Its subsidiary and listed company, China State Construction Engineering Corporation Limited (CSCECL) (Chinese: 中国建筑股份有限公司) (: ), was established in 2007. It was listed on the in 2009 with its IPO price at RMB$4.18 per share. The shares closed at RMB$6.53, 56% higher than its IPO price, at the first trading day. It was the world's biggest IPO in 2009, raising the capital of US$7.3 billion.
The CSCEC was founded in 1957 as a state company. Early on the country had an international profile building heavy industry and infrastructure in Asia, Africa, and the Middle East. The predecessor company opened its first overseas office in Kuwait in the late 1970s. The company broke from its regionally confined work pattern when it entered the U.S. market in 1985, opening an office in Atlanta. The U.S. subsidiary began by building housing developments with joint venture partners before undertaking its first sole development, Lantana Lakes, a 107-acre, $27 million complex of 42 homes, in 1987 in Jacksonville, Florida.
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