A consortium led by a China Energy Engineering (HKG:3996, SHA:601868) unit secured the bid for Zhuhai Jinwan Yacht Industrial Park's development project for 15.1 billion yuan, according to a Tuesday disclosure on the Hong Kong Stock Exchange.
The company will borne 14.50 billion yuan of the whole project cost.
The consortium will construct the outer seawall engineering, as well as manage the land formation, river excavation and revetment engineering of the project for 1,395 days, the filing said.
The consortium comprises consortium leader China Gezhouba Group Three Gorges Construction Engineering, the Chinese state-owned energy conglomerate's unit, China Water Resources Pearl River Planning, Surveying & Designing and Building Materials Guangzhou Engineering Survey Institute, according to the filing.
Shares of China Energy Engineering soared more than 6% on the Hong Kong bourse and rose nearly 3% on the Shanghai bourse.
Price (HKD): $0.86, Change: $+0.040, Percent Change: +4.88%
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