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Jiayou International: Plans to participate in the Tazara Railway Revitalization Project
People’s Finance News, April 1 — In a statement released on April 1, Jiayou International (603871) said the company plans to collaborate on an equity investment in the TAZARA Railway Activation Project by investing jointly through a jointly invested target company, LianTong Future Investment Co., Ltd., together with its related party, Jinsheng (Singapore) Mining Pte. Ltd., and also non-related parties China Communications Construction Group Co., Ltd., Luoyang Luanchuan Molybdenum Industry Group Co., Ltd., and COSCO Shipping (Hong Kong) Co., Ltd. The total investment amount for this round is $1.243 billion, of which the company’s investment is $62.15 million, representing 5% of the investment amount.