The contract, which was secured through tender from NovaSims Development, will see Lian Beng construct five blocks of 18-storey residential flats, with a total of 566 units.
SINGAPORE (May 11): Lian Beng Construction, a wholly-owned subsidiary of mainboard-listed Lian Beng Group, has secured a residential flat development contract worth $174 million.
In a regulatory filing on Monday, the group says the contract is expected to have a positive financial impact on the net tangible assets per share and earning per share of the group for the financial year ending May 2021.
