Boyuan announces change in auditor
TORONTO, March 30 /CNW/ - Boyuan Construction Group, Inc., a leading
builder of commercial, residential and municipal infrastructure projects in
China's fast-growing regions of the Yangtze River Delta and the city of Sanya
on Hainan Island, announced today that in connection with its reverse takeover
of SND Energy Ltd., as previously announced on March 3, 2009 and March 11,
2009, that Manning Elliot LLP will be replacing Raymond Chabot Grant Thornton
LLP as auditor of the Company.
There were no reservations in the former auditor's reports for the two
most recently-completed fiscal years or for any period subsequent to the most
recently-completely period for which an audit report was issued and preceeding
the date of the former auditor's resignation. There were no reportable events
between the Company and the former auditor or between the Company and the
successor auditor.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the
business of residential and commercial building construction, municipal
infrastructure and engineering projects. In its last three fiscal years ending
June 30, 2008, Boyuan completed more than 120 projects for a number of private
and public sector clients including Cargill and the Dalian Shide Group, a
billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE.
Boyuan's current backlog includes residential, industrial and mixed-use
developments, including a five-star hotel and a project at the Qingshan
Nuclear Plant, China's first and largest nuclear facility. From its operating
bases in Zhejiang Province and on Hainan Island, Boyuan focuses on
construction projects in China's fast-growing regions of the Yangtze River
Delta and the city of Sanya.
Caution concerning forward-looking statements
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This press release contains forward-looking statements. Such statements
inherently involve numerous risks and uncertainties. Actual future results may
differ from the anticipated results expressed in the forward-looking
statements contained in this press release and Boyuan does not undertake to
update this information. Investors are cautioned against placing undue
importance on forward-looking information contained herein and should consult
the Company's reports and other public filings which contain a more exhaustive
analysis of risks and uncertainties connected to Boyuan's business
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00026251E
For further information: Boyuan Construction Group, Inc., Ms. Ren Shu,
Secretary of the Board, +(86) 139 0651 1503, renshu@zjboyuan.com.cn; The
Equicom Group Inc., Joe Racanelli, (416) 815-0700 ext. 243,
jracanelli@equicomgroup.com