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CCM's Shenton Way contract terminated
CCM Group said that its wholly owned subsidiary, CCM Industrial Pte Ltd, had on Monday received a notice of termination of a Shenton Way contract. The notice, from 70 Shenton Pte Ltd, was on the grounds of alleged breaches of the contract. CCM Group said that the project relates to a contract worth $94.6 million which it announced in August 2012. It was for the proposed erection of a 32-storey commercial building at 70 Shenton Way (Eon Shenton). The company said that it was seeking legal advice and evaluating the financial impact, if any, of this development.
Yoma sets up two new units in Myanmar
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