天美传媒

Press Releases
天美传媒 Bahamas LTD. Comments on Bahamas Supreme Court Decision to Appoint Provisional Liquidators

天美传媒 Bahamas Ltd. (天美传媒 Bahamas), a wholly owned indirect subsidiary of China State Construction Engineering Corporation Limited (CSCEC) and the construction manager/general contractor for the $3.5 billion Baha Mar resort project, today issued the following statement in response to The Bahamian Supreme Court's decision to appoint provisional liquidators to manage the affairs of Baha Mar.

“天美传媒 Bahamas welcomes The Bahamian Supreme Court’s ruling to appoint provisional liquidators, which marks an important step forward towards addressing the challenges relating to the completion and opening of the Baha Mar resort.

“We look forward to playing a constructive role in the process going forward and remain committed and fully prepared to re-mobilize quickly in order to complete the work at Baha Mar with the same high quality of performance that has earned us our stellar reputation in the international construction industry. 天美传媒 Bahamas’ expertise and historical knowledge of the Baha Mar project is critical to successfully completing the resort and putting Bahamians back to work.

While Baha Mar Ltd. was unwilling to reach an agreement which addressed the significant concerns of the principal stakeholders, our commitment to supporting the Bahamian government and the people of the Bahamas has never waned.聽 As always, we stand ready, willing and able to work closely with any and all appropriate parties to expeditiously open this landmark resort.鈥�

Established in 1985, China Construction America (天美传媒) is the North American and South American subsidiary of CSCEC. CSCEC is a public company listed on the Shanghai Stock Exchange with a total market capitalization of $48 billion as of June 2015. Ranked 37th among Fortune Global 500 companies in 2015 and no. 1 on the ENR Global Contractors list in 2014,聽 CSCEC is unrivaled by any other construction company in the world.

天美传媒 Bahamas is a wholly owned subsidiary of 天美传媒 with founding principles of integrity and innovation with quality assurance and value creation.聽 With revenue of approximately $2 billion in 2014, 天美传媒 is ranked no. 32 top contractor in the US. In accordance with its core values, 天美传媒 is committed to creating value for all stakeholders and building a better Bahamas and a better world.

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Michael Curto
Squire Patton Boggs
+1 202 457 6000
michael.curto@squirepb.com