Ceylon Hotels Corp.-CHEC JV enters Maldivian leisure sector
Ceylon Hotels Maldives Ltd. (CHML), a subsidiary of Ceylon Hotels Corporation Plc and a member of the Galle Face Group of Companies, has entered into a 50:50 Joint Venture with Zhen Hua Engineering Company Ltd (ZHEC), a group company of China Harbour Engineering Company Ltd. (CHEC).
Although CHEC and Galle Face Group already have business interests in the Maldives, this JV provides a strong competitive platform for both parties to enter into the Maldivian leisure sector.
Founded in 1980, China Harbour Engineering Company Ltd. (CHEC) is a subsidiary of China Communications Construction Company Ltd. (CCCC), one of the Global Fortune 500 companies.
Being a major operation arm of CCCC on the international level, CHEC’s 80 branches and representative offices have a global footprint in ...