Boyuan Construction Group. (TSX-V: BOY), a commercial, residential and municipal infrastructure construction company in China, has been awarded a contract valued at US $17.5 million to build a 20-storey, 74,000 square meter hotel in Sanya. Sanya is an emerging tourist destination located on Hainan Island, China.
"With its strong demand for new hotels, condominiums, and housing projects as a result of its emergence as a popular vacation destination, Sanya is one of our core markets," said Mr. Cai Liang Shou, Chairman of Boyuan Construction Group. "Given its innovative design concept, the new hotel will become a showcase for our engineering and construction capabilities, furthering our reputation for building high-quality projects."
This was the second major contract win announced by Boyuan Construction Group in January. Last week, the company, announced a contract valued at US $19 million to develop a 16-storey, 40,000 square meter commercial building in the city of Qingzhou, Shandong province. http://www.proactiveinvestors.com/companies/news/3659/boyuan-construction-group-wins-contract-to-build-20-storey-hotel-on-hainan-island-china-3659.html
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