CHIP Eng Seng Corporation's wholly owned subsidiary Chip Eng Seng Contractors (1988) has been awarded a $123.5 million contract by the Housing and Development Board (HDB).
Mr Lim: 'With increasing demand for construction, we are confident of our prospects for the rest of 2008'
The contract is for the construction of five 25-storey residential blocks in Sengkang. The contract includes the construction of a multi-storey carpark with future community facility on the first storey, and a precinct pavilion. Work is expected to begin this month, with completion slated for 2011.
The contract is not expected to have any material impact on the group's net tangible assets and earnings per share for the current financial year ending Dec 31.
This is the company's second HDB construction contract this year. In January it announced a contract to build 1,394 housing units in Queenstown. The company has also undertaken two other HDB housing projects, one in Sembawang and the other being Pinnacle @ Duxton.
The group's construction order book now stands at about $755 million. Said executive chairman Lim Tiam Seng: 'With increasing demand for construction, we are confident of our prospects for the rest of 2008.'
Mr Lim further believes that the group's construction division will continue to have a busy year ahead with tenders and construction work.
集永成又获组屋承建工程
集永成建筑工程（Chip Eng Seng Contractors）获得建屋发展局一项价值1亿2350万元的合同，负责在盛港修建五栋组屋，每栋各25层，拥有698个单位。
这项合同还包括建造一座多层停车场和一座凉亭，停车场一楼未来将成为民众设施。这项工程将于今年6月开始动工，并将在2011年前完成。
这是集永成集团今年获得的第二项建屋局的建筑合同。这项合同预计不会对集团今年的净有形资产值和每股盈利产生实质影响。
集永成目前的订单合同达到7亿5500万元。集团执行主席林镇成表示，由于建筑需求的增长，集团对今年的前景抱有信心。他也预计集团未来一年的建筑业务将非常繁忙。
No comments:
Post a Comment