Huationg expects project delays amid investigation into Kranji woodland clearing
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CONSTRUCTION firm Huationg Global expects delays to the completion of project works at the Kranji Agri-Food Innovation Park, as it assists JTC Corporation on investigations into the clearing of Kranji woodland.
In a Friday evening bourse filing, Huationg acknowledged media reports that plots of land earmarked for the development of the Agri-Food Innovation Park had been "erroneously" cleared before the conclusion of a baseline study and environmental monitoring plan.
It said that JTC Corporation had issued it a stop work order on Jan 13 and that investigations are ongoing. Huationg is unable to assess if the matter would have a material impact on its performance for the current financial year ended December. It will update shareholders once this is ascertained.
Shares of Huationg Global closed flat at S$0.129 on Friday.
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