Tiong Seng unit clinches S$287m deal from JTC to build industrial building
Construction firm Tiong Seng Holdings said its unit has secured a S$287 million contract from JTC Corporation to build an industrial building at the latter's Ang Mo Kio industrial Park.
It will be a seven-storey industrial ramp-up multi-user building with ancillary facilities. Site possession is expected in September.
The contract is not expected to have any material impact on the group's net tangible assets and earnings for the current financial year ending Dec 31.
Shares of the mainboard-listed firm closed unchanged at S$0.215 on Friday, before the announcement.
Share with us your feedback on BT's products and services
TRENDING NOW
Singapore identifies 7 firms responsible for haze fires, notices issued urging action: Grace Fu
‘How many will survive?’: Bubble fears arise as China’s humanoid robotics face reality check
GIC-backed Bank Jago sees wealth management as next growth engine as Indonesian investor base grows
Ageing in Asia: Huge potential for the consumer economy
