Chua Eng Chong Holdings, an indirect wholly-owned subsidiary of LHN Group 41O , has entered into a lodging facility contract with MOH Holdings.
On Jan 25, the company announced the contract for the design, retrofit and operation of two designated lodging facilities for healthcare professionals located at 100 Ulu Pandan Road and 60 Boundary Close.
MOH Holdings is the holding company of Singapore’s public healthcare clusters — National University Health System, National Healthcare Group and Singapore Health Services.
The two lodging facilities are scheduled to start operations in the second half of 2024 and will provide accommodation for approximately 700 healthcare professionals.
The contract is not expected to have any material financial impact on the consolidated net tangible assets (NTA) per share or the consolidated earnings per share (EPS) of the group for the FY2024 ending Sept 30.
Shares in LHN closed 0.5 cents higher or 1.45% up at 35 cents on Jan 25.
