A LOSS-MAKING subsidiary of CCM Group that is being disposed of has received a notice of termination on a condominium in Balestier it was constructing.
The contract was terminated "on the grounds of alleged breaches of contract", the Catalist-listed construction firm said yesterday. It added that it was seeking legal advice and evaluating the financial impact of this development.
The contract, secured in August 2011, was worth $32.3 million. It was awarded by developer Orion-One Residential to CCM...