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China State Construction inks RMB 31.65 bln contracts

Nov. 26, 2012 (China Knowledge) - China State Construction Engineering Corp Ltd<601668>, China's largest property and construction conglomerate, recently inked 13 projects with a total contract value of RMB 31.65 billion.

The contract value is equivalent to 6.6% of the company's operating revenue in 2011.

In a statement filed with Shanghai Stock Exchange, the company said its subsidiary, China Construction Seventh Engineering Bureau Co Ltd, inked 2 projects with a total contract value of RMB 5.6 billion.

Meanwhile, another subsidiary of China State Construction Engineering, China Construction Fourth Engineering Bureau Co Ltd, inked an RMB 4.95 billion worth of contract in Guiyang, Guizhou Province.

The Shanghai-listed firm earlier announced that it inks almost RMB 755.9 billion worth of construction contracts in the first ten months of 2012, up 14.9% YoY, China Knowledge reported earlier.

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