Displaying thread: 'Boyuan signs another new construction project contract valued US$17.5 million'

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QIS Capital Feature Company Spotlight Cobra Venture Corporation (CBV:TSX-V) Price: $0.25
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Author	Message
Josh_Kier	Posted: Thu Jan 14 8:55:20 2010
Josh_Kier	CNW Group Portfolio E-Mail BOYUAN CONSTRUCTION GROUP, INC. Transmitted by CNW Group on : January 14, 2010 07:00 Boyuan signs new construction project contract valued US $17.5 million - To build innovative, five-star hotel in Sanya TORONTO, Jan. 14 /CNW/ - Boyuan Construction Group, Inc. (TSX-V: BOY & BOY.DB), a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that it has been awarded a contract valued at US $17.5 million to build a 20-storey, 74,000 square meter hotel in Sanya, an emerging tourist destination located on Hainan Island, China. "With its strong demand for new hotels, condominiums, and housing projects as a result of its emergence as a popular vacation destination, Sanya is one of our core markets," said Mr. Cai Liang Shou, Chairman of Boyuan Construction Group. "Given its innovative design concept, the new hotel will become a showcase for our engineering and construction capabilities, furthering our reputation for building high-quality projects." The hotel project is expected to be completed in early 2011.