Shenzhen Weiye Decoration Group has agreed to acquire a 66% stake in Fujian Construction Engineering.

The purchase consideration for the acquisition is CNY59.4m ($9.14m).

Fujian will operate as a subsidiary of Shenzhen, upon completion of the transaction.

The acquirer company provides domestic architecture decoration services, whereas the target company is a construction and engineering services provider.

Shenzhen Sunwin Intelligent intends to acquire a majority stake in Anhui Zhongqian Construction Engineering in a deal worth CNY52m ($8.01m).

“Shenzhen Sunwin Intelligent intends to acquire a majority stake in Anhui Zhongqian Construction Engineering in a deal worth CNY52m ($8.01m).”

The acquirer company is a construction engineering services provider based in China.

The target company is a construction engineering firm also based in China.

The transaction will increase Shenzhen’s stake in Anhui Zhongqian to 51%.

Canada-based construction information services provider Groupe Constructo has acquired a local firm named Contech. The transaction terms of the deal have not been disclosed.

Contech specialises in training, networking and tradeshow planning services for the building industry.