Premarket Alert: China Architectural Engineering (CAEI)

Posted in General 
June 25th, 2009

China Architectural Engineering Inc. (Nasdaq: CAEI) are among the most active premarket small caps, up about 30% after the company announced a new contract worth more than $500 million to build a Shanghai resort.

The company has reached an agreement with Shanghai Nine Dragon Co. for major projects within the Nine Dragon Resort, Zhejiang, including a luxury hotel, a marine park and villas.

Construction work is expected to start in the second half, and be completed within three years. — Mike Tarsala

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