Company Briefs

Lian Beng clinches $117m contract

CONSTRUCTION firm Lian Beng Group said its wholly owned subsidiary, Deenn Engineering, has secured a construction contract worth about $117 million.

Under the deal, Lian Beng will construct a multi-storey building. The contract begins on Feb 12 and will last 32 months. It is expected to have a positive financial impact on the net tangible assets per share and earnings per share of the group for the current financial year ending May 31, 2014. The group's construction order book stands at $1.17 billion.