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Boyuan Enters Contract to Construct 20-Storey Hotel in China

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Jan 18 2010

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 it has been awarded a contract valued at US $17.5 million to build a 20-storey, 74,000 square meter hotel in Sanya, 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."

The hotel project is expected to be completed in early 2011.

Source: http://www.boyuangroup.com/

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