The companies are currently working out an agreement for a joint venture company to take on the main contract of the project.
SINGAPORE (Jan 20): Keong Hong Holdings announced Monday that wholly-owned subsidiary Keong Hong Construction and the Singapore unit of Hyundai Engineering & Construction Co have been awarded a $306.6 million main contract for the proposed development of a sports and recreation centre.
Keong Hong Construction and Hyundai, who had submitted a joint tender for the project, have received a letter of acceptance from the Singapore Sports Council.
