"The builder has shortlisted two potential takeover targets, including one with annual sales of about $1 billion, Vice President Chen Guocai said today at a conference in Hong Kong. He declined to elaborate on the companies or on how much the builder may spend on its first U.S. acquisition.
China State, which renovated the Alexander Hamilton Bridge in New York, also plans private-public partnerships in the U.S. over the next five years to help pare its reliance on domestic and emerging markets. The company wants to boost the proportion of overseas sales earned in the U.S. to 15 percent from 5 percent within five years, he said".........READ MORE
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