Telestone Tech Gets ¥15m Funding from Zhongguancun
Telestone Technologies Corp (Nasdaq: TSTC), a Chinese supplier of local access network solutions for communications networks, said it received a ¥15 million investment from Zhongguancun Development Group for the research, development and commercialization of its Telestone Intelligent Premise System (TIPS) technology. TIPS, a groundbreaking technology based on Telestone's wireless fiber-optic distribution system, unifies telecom, data, Internet, radio and broadcasting, and the Internet of things using a basic fiber-optic network.
China Railway Gets Huge Credit Line from CDB
China Railway Group Co (SHA: 601390, HKG: 0039) said the China Development Bank agreed to offer it a ¥100 billion credit package for domestic operations and a $20 billion package for its international business.
State Construction Signs ¥39b Contracts
China State Construction Engineering Corp (SHA: 601668) said it has signed ¥38.72 billion worth of deals of late. The amount is equivalent to 8% of its revenue in 2011.
$1 = ¥6.36
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