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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Battery firm LG Energy Solution Q1 profit plunges on weak EV sales
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cordlife customers push for legal action
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
Singapore shares retreat at Thursday’s open; STI down 1.1%
Malaysia weighs casino licence to revive Forest City