The Hong Kong Construction Association held the first Lo Pan Festival in July this year. SOCAM was invited to attend the launch ceremony of the "Luban Festival" and witnessed the kick-off ceremony with the Secretary for Housing and industry members.
Lafarge Shui On Cement Limited (LSOC) successfully completed the acquisition of the publicly listed Sichuan Shuangma Cement and became the biggest cement company of Sichuan Province.
Shui On Construction Company Limited was awarded a major designand-build project contract valued at approximately HK$1 billion to build the Hong Kong Customs Headquarters Building.
SAM successfully acquired two distressed property projects, namely Ruiqi Building in Chongqing and Central Plaza in Shenyang for CCP.
SOCAM injected its interests in five distressed property development projects in Beijing, Dalian, Qingdao and Chengdu into CCP, to prepare CCP for a separate listing.
SOCAM Asset Management Limited was appointed investment manager of CCP to manage its current property projects and any future investments.
SAM launched sales of Qingdao Central International Plaza for CCP.
SOCAM celebrated the 10th anniversary of its listing on the Hong Kong Stock Exchange in 1997.
