Boyuan signs new construction project agreements valued at US $26.3 million
"China's ongoing economic development is fueling considerable demand for our design, engineering and construction services," said
Under the terms of the agreements, Boyuan will construct a 23-storey hotel in Sanya, one of China's most popular tourist destinations. The project, which is valued at US
Boyuan will also develop a commercial building in Shandong, one of China's most economically diversified provinces with high concentrations of manufacturing and oil and gas production activities. The project, valued at US
About Boyuan Construction Group, Inc.
Based in Jiaxing City,
Caution concerning forward-looking statements
Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that actual outcomes and Boyuan's actual results could differ materially from those in such forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (1) the failure of Boyuan to execute its business plan, (2) the risks arising from Boyuan's operations generally (such as the ability to secure raw materials, arrange for manufactured products on a timely basis, and maintain an adequate workforce), (3) Boyuan's ability to remain competitive as other parties develop and release competitive projects and services, (4) Boyuan's ability to retain the employees necessary to continue research and development of current and new projects and services, (5) the success by Boyuan of the sales of its projects and services, (6) the impact of competitive products on the sales of Boyuan's projects and services, (7) the impact of technology changes on Boyuan's projects and services, (8) Boyuan's reliance on contractual rights such as licenses and leases in the conduct of its business, (9) general economic conditions as they affect Boyuan and its current and prospective customers, (10) the ability of Boyuan to control costs operating, general administrative and other expenses, and (11) insufficient investor interest in the Boyuan's securities which may impact on Boyuan's ability to raise additional financing as required.
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 Boyuan's disclosure documents filed from time to time on SEDAR 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.
For further information: For further information: Boyuan Construction Group, Inc., Mr. Paul Law, Chief Financial Officer, +(852) 9329 5088, [email protected]; The Equicom Group Inc., Joe Racanelli, (416) 815-0700 ext. 243, [email protected]
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