China CAMC Engineering Co.,Ltd. (002051.SZ) recently announced it had received the prepayment for the Malanje Youth Center project and Malanje River dredging project in Angola, which means the two projects have officially come into effect.
The business contract of the construction and equipment supply project of the Malanje Youth Center and that of the Malanje River dredging project totaled 78.06 million U.S. dollars, which was approximately 542 million yuan, and accounted for 4.97 percent of the company's total revenue in 2017 at 10.91 billion yuan.
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