CCA Bahamas Ltd. Responds To BML Properties Ltd. Lawsuit

NASSAU, The Bahamas, Dec. 29, 2017 /PRNewswire/ — CCA Bahamas, Ltd. (CCA Bahamas), a wholly owned indirect subsidiary of China State Construction Engineering Corporation Limited (CSCEC) and the construction manager/general contractor for the Baha Mar resort project, today issued the following statement in response to BML Properties Ltd.’s lawsuit filed in New York on December 26, 2017 in the name of BML Properties Ltd.:

“CCA Bahamas is proud of the world class Baha Mar resort it constructed and, by any objective measure, the resort is expected to have a substantial beneficial impact on the economy of The Bahamas and its citizens. The lawsuit filed by Mr. Izmirlian is a vindictive and baseless attempt to redeem his own failures to properly manage his companies and their investment in the Baha Mar resort project. Mr. Izmirlian’s scattershot allegations are totally false and constitute a gross abuse of the American judicial system. CCA Bahamas will vigorously defend these unfounded claims.”

“In stark contrast to the outrageous claims alleged in BML’s lawsuit, CCA Bahamas’ projects are characterized by excellence, superior quality and trustworthiness. The company’s guiding principle is a respect for hard work and a commitment to collaborate with the communities in which it operates. This credo of the company certainly proved no more true than with respect to its tenacious commitment to complete the construction of Baha Mar, a luxury resort complex unrivaled in the Western Hemisphere. CCA Bahamas consistent goal is to help Bahamians build a more prosperous and vibrant country, by constructing happy spaces for Bahamians and the millions of visitors to the islands.”

About China State Construction Engineering Corporation Ltd. (CSCEC)

CSCEC is a public company listed on the Shanghai Stock Exchange with a total market capitalization of over $43 billion as of 2017. Ranked 24^th among Fortune Global 500 companies in 2017, 44^th among the most valuable brand worldwide by Brand Finance Global 500 in 2016 and no.1 on the ENR Global Contractors List in 2017, CSCEC is unrivaled by any other investment and construction company in the world.