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Thursday, 4 April 2013

Lian Beng's order book tops $1b mark

Latest two deals are light industrial developments for Oxley Holdings

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Mr Ong Pang Aik: Lian Beng aims to maintain its momentum in securing more projects. - FILE PHOTO

RIDING on its contract momentum, Lian Beng Group has clinched two more deals worth $201 million, bringing its order book to a record high of almost $1.09 billion.

The construction group said yesterday that the contracts are for the building of two multiple-user light industrial developments for Oxley Holdings.

The deals follow a $220 million construction contract for Bartley Ridge condominium (a Hong Leong Holdings, City Developments and TID project), won on March 25, and a $117 million contract to build TG Development's Skies Miltonia condo at Yishun clinched on Feb 18.

"We are delighted to have reached the billion-dollar mark for our order book. Notwithstanding, we will not rest on our laurels but will aim to maintain our momentum in securing projects," said Ong Pang Aik, Lian Beng chairman and managing director.

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