Soilbuild Construction Group Ltd

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AhSiaKia123

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Soilbuild Construction Group Ltd. is pleased to announce that the Group has been awarded construction contracts worth approximately S$175.5 million by Kranji Development Pte. Ltd., a boutique property developer, for the development of a 7-storey multiple-user general industrial building at 60 Jalan Lam Huat. This is the Group’s largest project secured since its listing in May 2013. Under the contracts, SB Procurement Pte. Ltd., a wholly-owned subsidiary of the Company, will undertake the Main Contract Works of the Project, worth approximately S$179.5 million, together with Leong Hin Builders Pte. Ltd., a wholly-owned indirect subsidiary of Enviro-Hub Holdings Ltd, under a consortium arrangement to be completed 28 months from commencement date 1 August 2014. The Project is expected to commence by July 2014 and to be completed by the fourth quarter of 2016. It also brings the Group’s latest order book to approximately S$512.8 million to date, which would be substantially completed in 2016. (Closing Price: S$0.25, 0%)

Soilbuild Construction Group Ltd | I Invest I Earn I Post
 
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