Tiong Seng’s wholly owned subsidiary Tiong Seng Contractors was awarded an around S$287 million contract by JTC Corp., the company said in a filing to SGX Friday.
The contract is for a proposed ramp-up multi-user industrial building of one block and seven stories, with ancillary facilities, the filing said.
Possession of the site, located at Ang Mo Kio Street 64/65, will be this month, Tiong Seng said.
The contract is not expected to have a material impact on Tiong Seng’s earnings per share for the current financial year, the filing said.
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