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Oxley gives updates on local, overseas projects amid pandemic

Nisha Ramchandani

Published Fri, May 1, 2020 · 09:50 PM

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.

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