Jangho wins Parisian VIP rooms bid

Shanghai-listed Jangho Group Co Ltd has announced that its local subsidiary company, Sundart Engineering Services (Macau) Limited, has won the bid for the domestic renovation works of the Parisian Macao’s VIP rooms for all floors from the 30th to 37th. The Beijing-based builder informed the Shanghai Stock Exchange that its Macau subsidiary company had been awarded the contract valued at 341 million patacas (US$43 million) by Venetian Cotai Limited. The contract, according to the builder, would amount to 2.2 percent of its 2013 annual sales income. The project is estimated to take eight months to complete. The company will be in charge of the work on the superior suites, corridors and elevator lobbies of the eight floors of the ongoing Cotai project of Sands China Ltd. In addition, the Beijing builder signed a contract with Galaxy Entertainment Group Ltd last July to build the tower façades of Galaxy Macau’s second phase, worth some 381.9 million patacas. Last June, Melco Crown Entertainment Ltd invited the company to assume charge of the curtain wall works in City of Dreams, a responsibility it also secured for Marina Bay Sands’ integrated resort in Singapore. The Parisian Macao – a Phase III project by Sands China on the Cotai Strip – was given the go-ahead by the Macau Government to resume construction last week following its suspension in June. The project, worth 21.6 billion patacas, was halted following an on-site accident which led the government to demand the operator suspend work and improve safety standards. K.L