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China State Construction wins RMB 18.35 bln contracts

Sep. 25, 2012 (China Knowledge) - China State Construction Engineering Corp Ltd<601668>, China's largest property and construction conglomerate,has announced that it recently won the bid for eight major projects with a total contract value of RMB 18.35 billion.

The company said in a statement filed with the Shanghai Stock Exchange that the contract value was equivalent to 3.8% of its operating revenue in 2011.

The company said earlier that it signed RMB 611.1 billion of construction contracts in the first eight months of this year, 11.2% more than in the same period of last year.

In 2011, China State Construction aims to achieve RMB 900 billion worth of new contracts and realize RMB 560 billion in operating revenue.

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