Oxley gives updates on local, overseas projects amid pandemic
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
OXLEY Holdings will see S$2.2 billion of revenue flow into the group from its Singapore and overseas projects as construction progresses, it said in an update.
Oxley chief executive Ching Chiat Kwong said: "S$1.4 billion of secured revenue from our Singapore projects and S$819 million from overseas projects will flow into the group as construction progresses, based on our effective stake." He added that Oxley is on track to redeem its S$150 million worth of bonds due May 18, 2020.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
