OREANDA-NEWS. January 12, 2015. CCCC's wholly-owned subsidiary--CCCC International Holding Limited signed an equity acquisition agreement with Leighton Holdings in Sydney to acquire all the equity of Leighton's subsidiary John Holland. Equity delivery is scheduled to be completed before late March 2015.

Founded in 1949, headquartered in Melbourne, John Holland enjoys a great industrial fame and is ranked among the top three building enterprises in Australia. The company consists of three sectors: infrastructural projects, special projects and transport service, owns core technologies in a wide range of fields such as railway system, tunnel engineering, water and sewage treatment, environmental engineering, offshore engineering and petroleum refining infrastructure, has the strongest capacity for railway construction and operation management in Australia, and is Australia's only company with the license for railway operation and the license for railway infrastructure construction.

As a major move in CCCC's strategy of globalized operation and development, the acquisition marks a breakthrough in CCCC's entry into the Australian market and has created a good opportunity for CCCC to develop the global market, especially developed countries' markets.

Following the acquisition, as a subsidiary of CCCC, John Holland will retain its original brand and continue its operations in Australia and other countries; and CCCC will duly support John Holland in such aspects as strategy, fund and technology.

CCCC spent six months on the acquisition, conducted an all-round and in-depth due diligence investigation and recruited an internationally authoritative consultant team. As CCCC's second cross-border acquisition after it acquired F & G, USA, the acquisition has laid a solid foundation for CCCC to take a further step towards a world top enterprise.