Keong Hong unit lands S$107m Raffles Hospital project

KEONG Hong Holdings' wholly owned subsidiary, Keong Hong Construction, has been awarded a S$107.48 million contract to construct a 20-storey medical building for Raffles Hospital Properties.

The project, located at Victoria Street/North Bridge Road, will have two basements.

Keong Hong Holdings said construction is to be carried out in two phases and expected to be completed by August 2017.

It added that this project is not expected to have any material impact on the net tangible assets per share and earnings per share of the group for the financial year ending Sept 30, 2015.

"None of the directors or controlling shareholders of the company, as well as their respective associates, has any interest, direct or indirect, in the above project other than through their shareholding interests in the company," it said.