Macau: Over 700 companies set up in Macau in first quarter

8 May 2008

Macau, China, 8 May – In Macau in the first quarter of the year 732 companies were set up with capital of 169 million patacas (US$21.2 million), the region’s Statistics and Census Bureau said Wednesday in Macau.

Most of the companies set up were wholesale and retail companies (212), and rental and service providers to companies (147) and construction (131).

In the same period, 105 companies were closed down, which had joint capital of 422 million patacas.

The capital of the new companies set up in the quarter was from Macau (97 million patacas), Hong Kong (60 million patacas) and mainland China (7 million patacas). (macauhub)