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China State Cons wins RMB 38.72-bln contracts

Jun. 21, 2012 (China Knowledge) - China State Construction Engineering Corp Ltd<601668>, China's largest property and construction conglomerate, announced yesterday that it recently won the bid for five major projects with contract value of RMB 38.72 billion in total.

The company said in a statement filed with the Shanghai Stock Exchange that the contract value was equivalent to 8% of its operating revenue in 2011.

The projects include an RMB 15.3-billion BT project for Shenzhen Metro Line 9 and an RMB 7.28-billion project for Hong Kong-Zhuhai-Macau Bridge.
The company said earlier that it signed RMB 366.4 billion of construction contracts in the first five months of this year, 26% more than in the same period of last year.

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