Continue reading this on our app for a better experience

Open in App
Floating Button
Home News Contracts

Acromec announces $19.5 million sub-contract win

Stanislaus Jude Chan
Stanislaus Jude Chan • 1 min read
Acromec announces $19.5 million sub-contract win
“This is a sizeable and longer duration project as compared to our other projects which typically runs for less than a year,” says Lim Say Chin, executive chairman and managing director of Acromec.
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 3): Specialist engineering service provider Acromec has secured a $19.5 million sub-contract at a new 12-storey health and medical care building in the Singapore General Hospital Campus, the group announced Monday.

Acromec will supply, deliver and install air-conditioning and mechanical ventilation systems at the medical building, which intended for acute care and it will include an accident and emergency facility, acute medical wards, and isolation rooms.

The project will commence in the second half of FY2020 ending September, and is expected to be completed by December 2022.

“This is a sizeable and longer duration project as compared to our other projects which typically runs for less than a year. It will therefore provide more stability and visibility to our revenue, order book and resource planning,” says Lim Say Chin, executive chairman and managing director of Acromec.

The sub-contract is expected to contribute positively to Acromec’s earnings per share and net tangible assets per share for FY2020.

Shares in Acromec closed 0.6 cent lower, or down 7.5%, at 7.4 cents on Monday, before the announcement.

Highlights

Re test Testing QA Spotlight
1000th issue

Re test Testing QA Spotlight

Get the latest news updates in your mailbox
Never miss out on important financial news and get daily updates today
×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.