Ranken Railway Construction Group Co.

Sapphire Corporation, the infrastructure design and construction group in China, announced on Tuesday that it is divesting its 43.87% equity stake in its subsidiary Ranken Railway for a cash consideration of RMB280 million (S$55.3 million).

SINGAPORE (July 24): Sapphire Corporation has secured new infrastructure contracts in China worth RMB 308 million ($63 million), sustaining its order book at RMB 2.6 billion, from about RMB 2.5 billion as previously announced.