Precast Concrete, a wholly-owned subsidiary of Soilbuild Construction Group has been awarded a term contract worth approximately $14.2 million to produce, supply and deliver precast concrete components to various HDB sites in Singapore.
The project is expected to commence in the third quarter of 2022 and be completed by the first quarter of 2025.
This brings Soilbuild’s latest order book to approximately $307.8 million as at end June 2022 including new order since, which comprises $258.6 million for construction projects and $49.2 million for precast supply and delivery contracts.
The contract is not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of the company for the current financial year ending Dec 31.
Shares in Soilbuild closed flat on Sept 9 at 5.1 cents.
