BEIJING --- A Shanghai-based investment fund would infuse equity in the subway project of the Makati City government and Philippine Infradev Holdings Inc. --- one of several Chinese firms that will help bankroll and build the $3.7-billion mass transit system of the country's financial capital. Speaking to reporters over the weekend, MingTu Investment Holdings chair Ni Xiaohong said his firm had recently received the green light from China's Ministry of Commerce to invest $100 million in the Makati subway project that will break ground this year. "In China, investing capital abroad is tightly regulated, and we are the first private company that has been given approval to invest ...
Keep on reading: Chinese investment fund joins $3.7-B Makati subway project
from INQUIRER.net http://bit.ly/2B65uT6
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