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EIBC visits New Zealand for project inspection

2023-09-18 10:26:02

From September 11 to 14, Zheng Wei, president of the Hunan Branch of the Export-Import Bank of China (EIBC), and his delegation conducted the post-loan inspection on the DHB affordable housing project(Wirihana)of Hunan Construction Engineering Group (NZ) Limited and the Roskill Mountain housing project(Te Māra) of Hunan Construction Engineering Group No. 2 Co., Ltd. in New Zealand. Both companies are subsidiaries of Hunan Construction Investment Group.

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Liu Xinyin, chief accountant of Hunan Construction Investment Group, attended the meeting.

The important information of the two projects were shared at the meeting, including the basic situation, contract performance status, financing withdrawal, sales collection, and guarantee measures for timely repayment.

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At the same time, an on-site investigation was conducted on the two projects, which plays an important role in promoting the high-quality contract performance of the two projects and timely loan repayment in the future.

The delegation also visited the Ministry of Housing and Urban Development of New Zealand, Kiwibuild and Kainga Ora offices, the Chinese Consulate General in Auckland, and Avant Group, learned about the policies as well as medium and long-term planning of the urban development, characteristics of the engineering market, the current situation of Chinese enterprises, compliance management, and safety protection in New Zealand, and discussed potential cooperation projects, laying a solid foundation for the healthy and sustainable development of the group in New Zealand.

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During this period, Hunan Construction Engineering Group (NZ) Limited also signed cooperation memorandums with Avant Group and Trade Depot (a well-known New Zealand import trading company and a warehouse store)with the leaders of Sino-Hunan International Engineering and Development Co., Ltd. and Hunan Construction Engineering Group No. 2 Co., Ltd. attending the signing ceremony.

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