By YEO AIQI
Lian Beng Group Ltd on Tuesday announced that its unit, LS Construction Pte Ltd, has secured contracts worth about S$98 million.
They are S$13.2 million contract from Housing and Development Board, Singapore (HDB) and S$84.5 million contract from Lian Beng Centurion (Mandai) Pte Ltd (LBCM), a subsidiary of the company.
HDB's contract is expected to be completed by September 2013 and comprise of proposed building works at Tampines Neighbourhood.
LBCM's contracts comprise of proposed erection of a 10-storey ramp-up factory at Mandai Estate and due to be completed by May 2013 and two blocks of 12-storey independent worker's dormitory development at Mandai Estate. The latter is due to be completed by May 2013.
The HDB's contract is expected to have a positive financial impact on the net tangible assets per share and earning per share of the Group for the financial year ending May 31, 2002.
The LBCM's contracts are not expected to have a material financial impact on the net tangible assets per share and earning per share of the Group for the financial year ending May 31, 2012.
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