Sevens Build, a wholly-owned subsidiary of Sevens Atelier 5EW , has secured a $6.5 million contract for addition and alteration works to a pair of existing two-storey conservation shophouses, as well as construction of a new adjacent six-storey building.
Work is expected to commence in the first quarter of 2024 and is expected to complete in 24 months.
CEO Jeffrey Hong says: “We are delighted as this contract will add to our order book and contribute towards our financial performance. We are grateful to our customers for their trust and confidence in our solutions and services, which is a testament to our capabilities of delivering quality projects.”
The contract is expected to contribute positively to the group’s revenue but is not expected to have a material impact on the consolidated net tangible assets per share or earnings per share of the group for the current financial year.
Shares in Sevens Atelier closed unchanged at 2.6 cents on Jan 12.
