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Chasen Shanghai unit wins 2 more contracts worth $18 mil

Samantha Chiew Published on Wed, May 31, 2017 / 11:36 AM GMT+8

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SINGAPORE (May 31): Chasen Holdings says subsidiary Chasen Hi-Tech (Shanghai) Machinery Services has won another two contracts worth $18 million for FY18.

The first contract, valued at $7 million, requires Chasen Shanghai to move in equipment and related logistical requirements for an 8.6th Generation TFT LCD plant.

Located in Xianyang, Shaanxi province, the project is starting in June and is expected to be completed by end December. By then, Chasen Hi-Tech will be in a favourable position to secure the next phase move-in contract.