In mid-October, Ren Yong, Vice Chairman and General Manager of Conch Group, led a delegation to visit Cambodia at the invitation of the partners of Conch Cement Project in Battambang, Cambodia. On October 12, at the Sofitel Hotel in Phnom Penh, General Manager Ren Yong, together with Hu Huaibang, Chairman of China Development Bank, and Fu Jinchuan, Chairman of Xu's Pacific Group, attended and witnessed the signing ceremony of the Conch Financing Framework Agreement in Battambang. Ding Feng, Vice General Manager of Conch Cement Co., Ltd., Liu Hao, Director of Asia-Pacific Business Department of International Cooperation Business Bureau of China Development Bank, and Huang Hua, Director of Conch, signed the agreement on behalf of all parties.
Sign the framework agreement
Before the signing ceremony, General Manager Ren Yong introduced the basic situation of Conch Group, expressed heartfelt thanks to CDB and Xu's Pacific Group for their trust and support to Conch, and pointed out that CDB is a policy-oriented financial structure approved by the State Council and is promoting the construction of key areas such as national infrastructure and pillar industries. It plays an important role in promoting the reform of investment and financing system and financial cooperation. China Development Bank and Conch Cement have always maintained a friendly and mutual-trust cooperative relationship. The Battambang Conch Cement Project is an important part of Conch Cement Group's efforts to actively respond to the Chinese government's "the Belt and Road" strategy and accelerate international development. With the joint efforts of all parties, the Battambang Conch Cement Project will be completed and put into production as soon as possible.
The scene of the meeting
Chairman Fu Jinchuan introduced the general situation of Xu's Pacific Group, thanked Conch Group for its trust in Xu's Group and its strong support in project construction, and thanked China Development Bank for its concern for project construction funds. She said that Cambodia is a friendly neighbor of China and a free and open market. Its economic development has maintained a relatively rapid growth rate and the cement market has great potential. Xu's Group will continue to support the Battambang Project, provide guarantee for the steady progress of the project and contribute to the early completion and commissioning of the project.
Chairman Hu Huaibang introduced the work done by China Development Bank in "going out" and expressed his appreciation for the high-quality project platform created by Conch Group and Xu Group. He said that "the Belt and Road" is a major strategic deployment made by the Party Central Committee and the State Council in accordance with the changes in the global economic situation and the new situation and new tasks faced by China's development. Battambang Conch Project is an important embodiment of the national "the Belt and Road" strategy, and China Development Bank hopes to further strengthen cooperation among all parties to provide assistance for the early commissioning of the project.
During the visit, General Manager Ren Yong visited the Battambang Conch Project site to guide the project construction, and visited and investigated the Cambodian market and resources.
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