Tiong Seng lands S$287 million contract from JTC

JTC buildings at one-northJTC buildings at one-north

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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