EEI taps Chinese firm for machinery needs

LISTED construction company EEI Corp. has signed a memorandum of understanding (MoU) with a Chinese construction machinery manufacturer in anticipation of more infrastructure orders next year.

In a disclosure on Tuesday, EEI said it had formalized an agreement with China's Zoomlion Heavy Industry Science and Technology, and ZL Machinery Philippines Inc., a distributor of the Zoomlion brand of construction equipment.