Both projects were secured by Chasen’s subsidiary Chasen (Chuzhou) Hi-Tech Machinery Services Pte Ltd and homebased Chasen Logistics Services Limited respectively. They are both scheduled for completion by March 2021.
Mainboard-listed Chasen Holdings has won new logistics projects in China and Southeast Asia worth a total of $8.2 million.
Two of them are Specialist Relocation projects in Greater China for the electronics sector. The first contract is for a 6th generation OLED module panel assembly factory in Guangzhou worth RMB5 million ($1 million), while the second is to manage the factory relocation of a US-owned Taiwan-based semi-conductor customer worth $0.6 million.
