- Projects Total US$68.5 Million -
TORONTO, March 12, 2015 /CNW/ - Boyuan Construction Group, Inc., (TSX: BOY, BOY.DB.A) a growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that it has initiated construction on two new projects located in the Company's key markets.
"We have carried forward our momentum and successes from last year, and are pleased with securing these new projects," said Mr. Cai Liang Shou, Chairman and CEO of Boyuan Construction Group. "Boyuan remains dedicated to our focus on disciplined execution in our core markets."
The first project is located in Boao, a town located on the eastern coast of Hainan Island. Boao is well-known for the Boao Forum for Asia, a meeting place for Asian heads of state.
- A US$36.4 million residential development expected to be completed in the second quarter of 2016 with a total construction area 91,200 square metres and;
The second project is located in Haining City in the Zhejiang Province, located on the eastern coast of mainland China and the south side of Yangtze River Delta:
- A US$32.1 million commercial development expected to be completed in the second quarter of 2016 with a total construction area of 141,400 square metres.
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, 2014, Boyuan completed 45 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.
Caution Regarding Forward-Looking Information:
Certain information contained in this press release constitutes forward-looking information, which is information relating to future events or the Company's future performance and which is inherently uncertain. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking information contained in this press release have been identified in the Company's AIF for the fiscal year ended June 30, 2014 and in the Company's other public disclosure documents filed with certain Canadian securities regulatory authorities and available at www.sedar.com. The forward-looking information contained in this press release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as otherwise required by law.
SOURCE Boyuan Construction Group, Inc.
For further information: Boyuan Construction Group, Inc., Mr. Paul Law, CFO, +(852) 9329 5088, firstname.lastname@example.org; TMX Equicom, Renee Lam, (416) 815-0700 ext. 258, email@example.com