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Beijing Construction Engineering Group received a £7.1m cash injection in December, new accounts have revealed. The company received the money on 8 December from its parent company BCEGI, which is ultimately controlled by the Chinese Government. The money was provided to support BCEGI’s operations and settlement of liabilities as they fall due and helped the company to certify that it remains a going concern. Newly published accounts for the year ending 31 December 2019, which revealed the payment, showed the company ended the year with net assets of £2.1m and net current assets of £3.6m...

Trade Minister visits Phoenix Park Industrial Estate 11/01/2021: Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry, along with senior executives from InvesTT Limited and the Ministry of Trade and Industry visited the Phoenix Park Industrial Estate (PPIE) on Friday 8 th January, 2021.  The team met with officials of Evolving Tecknologies and Enterprise Development Company Limited (eTeck), Beijing Construction Engineering Group Co. Ltd. (BCEG) and several local sub-contractors to acquire a first-hand perspective of the ongoing and completed   project activities. Duri...

How a £130m retail revamp could transform Wigan and benefit the wider borough as well The council has been criticised by some for leaving other areas with 'scraps' 13:22, 11 JAN 2021 A hotel and town square are also part of the Galleries25 plans for Wigan (Image: Wigan Council) For the latest news from in and around Wigan sign up to the MyWigan newsletter hereInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank y...

Share Alexander Shing’s Cottonwood Group has formed a new $200 million investment platform with BCEG International Investment – US (BCEGI-US) to pursue real estate opportunities throughout the U.S. The partners are targeting ventures that require financing support, capital infusion and/or construction capabilities. Shing announced the move in a joint statement with Yan Xing, president of BCEGI-US, which is the investment arm of Beijing Construction Engineering Group. ALEX SHING “Cottonwood and BCEGI-US have maintained a strong working relationship for many years, and we’ve esta...