Keong Hong unit bags S$118 million tender for office building

KEONG Hong Construction, a wholly-owned unit of Keong Hong Holdings : 5TT 0%, has secured a S$118 million tender for main contract works at Cecil Street.

The tender, awarded by Solitaire Cecil, involves the proposed erection of a 20-storey office building, with restaurants on the first floor and a basement carpark, the company said in a Tuesday (Mar 28) filing. The construction period is 35 months, commencing in May.

The project is not expected to have any material impact on Keong Hong’s earnings per share for the year ending Sep 30.

Keong Hong shares closed flat at S$0.255 on Tuesday.