Replies to post #126 on Boyuan Construction Group Inc fka BOY

[MinnieM]

General contractors in China are required to have insanely high amounts of cash on hand for each project they do. It's not like in the US where they can be heavily leveraged.

I've often wondered how they do it? It's a percentage of the value of the project. So, the more projects they do, the more cash on hand they need. If I have a chance this week I'll try and find where I saw the requirements. It's been a long time since I looked at them.

I may have posted them here on the BOY board or the CHNC board awhile back, but, I don't have time to check now.

Good night all. ;)