SINGAPORE (Nov 19): Soilbuild Construction Group has been awarded a contract worth $162.5 million for the erection of four blocks in a general industrial factory development at Tai Seng Avenue.
The contract was awarded by SB (Ipark) Investment, a wholly-owned subsidiary of Soilbuild Group Holdings, which is owned by Soilbuild Construction’s executive chairman Lim Chap Huat.
As such, the award of the project constitutes an interested person transaction.
The latest contract brings Soilbuild Construction’s order book to $551.0 million.
The group says the award of the project is not expected to have a material impact on its consolidated net tangible assets per share and earnings per share for the current financial year ending Dec 31.
Shares in Soilbuild Construction closed flat at 5.6 cents on Monday.
