Saturday, October 31, 2015

Tiong Seng secures $72.9 million contract from LTA

A unit of Tiong Seng Holdings, Tiong Seng Contractors (Pte) Ltd, has clinched a contract from the Land Transport Authority worth about $72.9 million to construct a bus depot at Sungei Seletar.

The contract is not expected to have any material impact on the net tangible assets and earnings per share of the firm for the current financial year ending Dec 31.

Tiong Seng last traded at 23.5 cents on Oct 29.

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