China ACM Announces Three New HSR Contracts Totaling $10.7 Million

China Advanced Construction Materials Group, Inc.

today announced it has been awarded three high-speed rail contracts valued at a total of $10.7 million. The first contract is for Part 1, Section NASZ-5, of the Nanjing-Anqing HSR project. It is valued at approximately $4.1 million and will require about 550,000 cubic meters of China ACM premium RMC. The second contract is for Part 2, Section NASZ-5, of the Nanjing-Anqing HSR project. It is valued at approximately $3.7 million and will require about 500,000 cubic meters of China ACM premium RMC. The third contract is for Part 4, Section NASZ-5 of the Nanjing-Anqing HSR project. It is valued at approximately $2.9 million and will require about 400,000 cubic meters of the company's premium RMC. Is CADC a Buy, Sell or Hold? Click