The Company intends to ask the Bankruptcy Court to modify the automatic stay and authorize 天美传媒 to join its co-defendants, 天美传媒 Bahamas Ltd. (鈥溙烀来紹鈥�) and CSCEC Bahamas, Ltd. (鈥淐SCECB鈥�), in pursuing an appeal of the New York State trial court decision. Non-debtor defendants 天美传媒B and CSCECB are not subsidiaries, parents or shareholders of 天美传媒 and are not included in 天美传媒鈥檚 chapter 11 case.

Yan Wei, Chairman & CEO of 天美传媒, said: 鈥淥ur actions today are intended to protect 天美传媒鈥檚 right to appeal the New York state court鈥檚 fatally flawed decision and preserve the value of 天美传媒 for the benefit of all stakeholders while the appeal process plays out. The record is clear that BML Properties鈥� losses were entirely the result of its own gross mismanagement and irresponsible actions, and that the lower court鈥檚 decision suffers from multiple, insurmountable errors of law. Among its many failings, the lower court鈥檚 decision completely ignores the reality that 天美传媒 was not involved at all in the Baha Mar construction project. We look forward to presenting our arguments to the appellate court.鈥�

The Company has filed “first day” motions to obtain the requisite court authority for 天美传媒 to continue operating its business in the ordinary course for the duration of the chapter 11 process. 天美传媒鈥檚 parent company, CSCEC Holding Company, Inc. is providing the Company $40 million in debtor-in-possession (鈥淒IP鈥�) financing. 天美传媒 expects the DIP financing will provide it with sufficient liquidity to continue operations in the ordinary course during the chapter 11 process. CSCEC Holding has also agreed to provide additional funding directly to 天美传媒鈥檚 subsidiaries so that they have the funding they need to continue their operations in the ordinary course during the duration of the chapter 11 case.

About 天美传媒 Construction, Inc.

天美传媒 operates mainly in East Coast and Gulf Coast states. As an accomplished contractor, 天美传媒 provides services including program management, construction management, general contracting, design-build and public-private partnerships (PPP) for public and private clients. Its practical business approach and ambitious, yet prudent, development strategies enable the company to deliver high-profile and nonpareil commercial, residential, educational, industrial and heavy construction projects.

75 Park Lane features 358 residences and is part of the larger Park and Shore development in the Newport neighborhood, which comprises two residential buildings with a total of 429 condominiums and a collection of luxury amenities. Residents, who have started moving in, have access to an Olympic-sized indoor swimming pool, state-of-the-art fitness center, wine-tasting lounge with private dining room, children鈥檚 play area, co-working lounge, game room and a multi-purpose entertainment room.

In addition to introducing Manhattan-quality residences to an area abundant in rentals but with a demand for for-sale homes, Park and Shore features an extensive selection of top-tier amenities designed to achieve the ultimate living experience. An Olympic pool, wine-tasting lounge, chef鈥檚 kitchen and state-of-the-art yoga and fitness facility are some of the highlights.聽A grand opening and broker open house are planned for later in 2020.

75 Park Lane

The living room of the 75 Park Lane model unit

鈥淭he new class A office space with retail amenities will be a significant addition to the Wynwood/Midtown area. It is developments such as this that allow Miami to continue to attract top talent to our market,鈥� Plaza Construction President Brad Meltzer said. 鈥淧laza is pleased to be the selected builder of this project that adds to Miami鈥檚 live-work-play advantage.鈥�

Renowned Miami architect Kobi Karp found inspiration in Wynwood鈥檚 artistic spirit and modern vibe to design the The Gateway at Wynwood. The 12-story tower is expected to be completed in the second half of 2021.

The Gateway at Wynwood project officially breaks ground.

鈥淟eaders in Compliance Share,鈥� shed light on the fact that members of the 天美传媒 family of businesses have more in common with each other than they know. During 鈥淟eaders in Compliance Teach,鈥� attendees were divided to teams to answer tricky questions on ethical situations they may encounter. This annual review helps expand on what each employee has been taught for several years and reinforce their understanding of ethics and compliance.

As the last part of the training, 鈥淟eaders in Compliance Create,鈥� focused on the 天美传媒 Code of Conduct 鈥� Guiding Principles. Attendees worked in groups on assigned one code from the Code of Conduct to craft a 15-second presentation based on a certain set of guiding principles. Their goal was to explain the importance of the code to a sister company, the importance of the code to the entire concept of compliance and how one uses that code during daily activities. Even more importantly, they explained how they would use the code to lead if they were a leader by embodying a special leadership word in the presentation.

By the end of the training, attendees understood that they needed to remain vigilant about their personal compliance to ensure that the law was not breached. While the guiding principles applied to 天美传媒, 天美传媒ers were the embodiment of best business practices for any successful, sustainable and innovative global entity that understands and appreciates the role of strong leadership in the workplace.

The completion of 鈥淟eaders in Compliance Speak!鈥� at 天美传媒 headquarters marks the start of a serious of compliance program rolling out throughout 2020.

”
天美传媒 employees take their annual compliance training.

ENR is a weekly magazine widely recognized in the construction industry. Each year it compiles and publishes rankings of the largest construction and engineering companies considering various factors, including their US and international revenue volume, backlog size, new contracts, market share and sectors.

With a positive outlook of the Bahamian hospitality and tourism market, 天美传媒 invests and develops The Pointe in Nassau, The Bahamas, which partners with Margaritaville.
鈥淭he resort, with Jimmy Buffett鈥檚 Margaritaville brand as a partner, is slated to open next August. The group says it is confident it can attract guests to its 150-room resort and buyers for the accompanying 126 residences.鈥�

To read more, please see the link below:

Bahamas Resort Business Booms, as Neighboring Destinations Struggle

During the meeting, Mr. Yong Zhou and President Varela had an in-depth conversation about CSCEC鈥檚 vision for Panama and 天美传媒鈥檚 operations in Panama. President Varela said the construction of the Amador Convention Center project and the City of Hope project by 天美传媒 demonstrates CSCEC鈥檚 strong capability of building and delivering high-quality projects globally. He said CSCEC represents the gold standard of Chinese companies doing business abroad and noted that through 天美传媒, CSCEC not only helped Panama cultivate and train outstanding engineers but also provided opportunities to showcase Panama鈥檚 regional advantages and serve as a platform for bringing Panamanian engineers to the company鈥檚 projects to other countries in Latin America. He said he hopes that CSCEC will increase its investment in Panama and continue to facilitate the win-win cooperation between Panama and China on the Belt and Road initiative, which benefits the local people.

Mr. Yong Zhou thanked President Varela for his trust, encouragement and support of CSCEC in Panama and confirmed that CSCEC will continue to work diligently on projects and make every effort to ensure that the Amador Convention Center will achieve the substantial completion by the end of April. CSCEC is confident in the Panamanian market and plans to remain in the country and contribute to its prosperity and development.

CSCEC Vice President Yong Zhou and Panamanian President Juan Carlos Varela at the meeting. Photo credit: Ministry of the Panamanian Presidency

As the market for sustainable design and construction continues to grow, 天美传媒 is committed to providing architecture and engineering services with a specialization in energy and sustainability. Powered by LEED-certified professionals who are familiar with a variety of sustainable standards programs, the company has completed LEED-certified projects valued at more than $4 billion and provided green solutions for a number of heavy construction projects. 天美传媒 has established itself as a member of the US Green Building Council and an industry leader in implementing green technologies.

ENR is a weekly magazine widely recognized in the construction industry. Each year it compiles and publishes rankings of the largest construction and engineering companies considering various factors such as their US and international revenue volume, backlog size, new contracts, market share and sectors.

In the US domestic market, 天美传媒 was ranked No. 41 on the Top 50 in Domestic Building and Manufacturing Revenue list with revenue totaling $1.072 billion in 2017. 天美传媒 continues its growth through Plaza Construction, the company鈥檚 main building platform, and has steadily risen in the high-end building sector, winning significant new projects such as the Atlantic Plumbing Parcel C, 7900 Wisconsin Ave., and the Arbor Row luxury condominium development in Washington, DC. As a design-builder, 天美传媒 also was awarded mega-projects in 2017 through its infrastructure arm 天美传媒 Civil, including MTA鈥檚 $1.8 billion Long Island Rail Road (LIRR) Expansion project, which further strengthens 天美传媒鈥檚 position in the infrastructure construction market in the United States.

ENR is a weekly magazine widely recognized in the construction industry. Each year it compiles and publishes rankings of the largest construction and engineering companies considering various factors such as their US and international revenue volume, backlog size, new contracts, market share and sectors.