TORONTO, Oct. 28 /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 an aggregate total of 140,000 options have been granted to Francis Leong, Dave Horsley, Liu Manjhong and Fang Lixin, the four independent directors on the Company's Board. No options were granted to directors who are officers of or to officers of the Company. The options grant is pursuant to Boyuan's incentive stock option plan.
The options have an exercise price of CDN $2.63 based on the Company's closing share price on the TSX Venture Exchange on October 27, 2009. The expiry date for the options is October 28, 2014.
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 ended 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 projects include 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. More information is available at www.boyuangroup.com.
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.
SOURCE Boyuan Construction Group, Inc.
For further information: For further information: Boyuan Construction Group, Inc., Mr. Paul Law, Chief Financial Officer, + (852) 9329 5088, email@example.com; The Equicom Group Inc., Joe Racanelli, (416) 815-0700 ext. 243, firstname.lastname@example.org