TORONTO, Sept. 25, 2012 /CNW/ - Boyuan Construction Group, Inc., (TSX: BOY, BOY.DB, BOY.DB.A) a fast-growing construction company in China of commercial, residential
and municipal infrastructure projects, announced today that the filing
of its annual financial statements, management's discussion and
analysis, the related officer certifications and the annual information
form for the financial year ended June 30, 2012 (collectively, the
"Annual Filings") will be delayed beyond the filing deadline of
September 28, 2012. The Company's auditors have advised that they
will not be able to provide an audit opinion by the filing deadline.
As a result of this delay, the Company intends to make an application to
the Ontario Securities Commission and other relevant securities
regulatory authorities under applicable securities legislation for the
issuance of a management and insider cease trade order ("MCTO") in
connection with the anticipated filing delay. If an MCTO is granted,
it will prohibit the Chief Executive Officer and Chief Financial
Officer, and likely the directors and other insiders of the Company,
from trading in securities of the Company for so long as the Annual
Filings have not been completed. The issuance of an MCTO would
generally not affect the ability of persons who are not, or who have
not been, directors, officers or other insiders of the Company to trade
in the Company's securities.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the
business of commercial building and residential construction, municipal
infrastructure and engineering projects. In its last three fiscal
years ending June 30, 2011, Boyuan completed more than 80 projects for
a number of private and public sector clients. Boyuan's current
project backlog includes residential, commercial, industrial and
mixed-use developments. From its operating bases in Zhejiang Province
and in Hainan Province, Boyuan focuses on construction projects in
China's fast-growing regions of the Yangtze River Delta, Hainan
Province and Shandong Province. For more information visit www.boyuangroup.com.
SOURCE: Boyuan Construction Group, Inc.
For further information:
Boyuan Construction Group, Inc.
Mr. Paul Law, CFO
+(852) 9329 5088
(416) 815 0700 ext. 253