China Communications Construction Company


China Communications Construction Company, Ltd. is a majority state-owned, publicly traded, multinational engineering and construction company primarily engaged in the design, construction and operation of infrastructure assets, including highways, bridges, tunnels, railways, subways, airports, oil platforms, and marine ports. CCCC has been a contractor for numerous Belt and Road Initiative projects.

History

CCCC's predecessors can be traced back to the Qing Dynasty, when the Junpu Engineering Bureau was established in 1905. The company was officially formed in 2005 by the merger of China Road and Bridge Corporation and China Harbour Engineering Company, which focus on transportation infrastructure and marine infrastructure, respectively. In 2006, the company listed shares on the Hong Kong Stock Exchange, followed by a listing on the Shanghai Stock Exchange in 2012.
The company has numerous subsidiaries including John Holland Group, which is an Australia-based construction company focused on infrastructure, and Friede & Goldman, which engineers offshore vessels for the oil and gas industry.
In 2009, the World Bank Group debarred CCCC for eight years due to fraud on projects in the Philippines. In 2010, one of CCCC's subsidiaries, China Habour Engineering Company, won the contract to build the Magampura Mahinda Rajapaksa Port.
CCCC is active in dredging projects in areas under dispute in the South China Sea, highway-building in Xinjiang, and building naval logistics installations at Gwadar Port.

Shareholders

CCCC is a "blue chip" stock. State-owned Assets Supervision and Administration Commission of the State Council holds 63.8% of the company's shares. Other shareholders include multiple affiliates of Merrill Lynch, BlackRock and JPMorgan Chase.