Palm Co.: Consortium wins 228 million yuan project

2026-02-14 01:59:48

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Palm Co., Ltd. announced that its wholly owned subsidiary, Henan Palm Water Conservancy Construction Development Co., Ltd., together with Henan Yanduo Construction Engineering Co., Ltd., formed a consortium that was confirmed as the winning bidder for the 2025 High-Standard Farmland Construction Project in Suiyang District, Shangqiu City. The total investment in the project is approximately 229 million yuan, with the bid price at 99.86% of the final construction settlement price after review by the financial authorities, and design costs of 2.236 million yuan. Henan Palm Construction, as the leading entity of the consortium, is expected to secure a contract amount of about 228 million yuan, accounting for 7.44% of the company’s audited operating revenue for 2024. The project duration is 360 calendar days, with funding sourced from ultra-long-term special bonds and fiscal funds.

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