Tiong Seng Holdings

SINGAPORE (Sept 23): On Sept 18, the US Federal Reserve lowered interest rates for the second time this year by 25 basis points to between 1.75% and 2%. Fed chair Jerome Powell says the US economy remains strong and unemployment low. He adds, however, tha

SINGAPORE (Sept 16): Pek Lian Guan, the CEO and executive director of Tiong Seng Holdings, is being probed by the Corrupt Practices Investigation Bureau in connection with certain staff loan transactions.

SINGAPORE (Sept 9): Tiong Seng Holdings' wholly-owned subsidiary, Tiong Seng Contractors, has won a contract from JTC Corporation worth $287 million.

SINGAPORE (Aug 27): Tiong Seng Holdings, the construction group and property developer, has been awarded a construction contract worth $130.5 million by Midtown Development, a company that is part of the Worldwide Hotels Group, to develop a hotel.

SINGAPORE (June 3): Tiong Seng’s subsidiary Suzhou Huisheng Construction Development Co is selling its entire 55% stake in Jiangsu Huiyang Construction Development Co to its 45% shareholder for a consideration of RMB 67 million ($13.4 million).

SINGAPORE (May 13): Tiong Seng Holdings announced that its 1Q19 earnings have dropped by 73% to $1.3 million, compared to $4.9 million in 1Q18.

SINGAPORE (Sept 24): Property developer and construction group Tiong Seng Holdings has signed a memorandum of understanding with leading UK construction firm Laing O’Rourke to further the development and utilisation of 3D printing technology for the con

SINGAPORE (June 19): Tiong Seng Holdings’ wholly-owned subsidiary Tiong Seng Civil Engineering has secured a contract worth $28.9 million for construction work at a condominium development at Balmoral Road in Singapore.

SINGAPORE (June 18): Construction group Tiong Seng Holdings says its subsidiary Robin Village Development has agreed to fully acquire Malaysia-incorporated firm Kinsbina – which in turn owns two vacant plots of land in Mukim Rimba Terjun, Daerah Pontian

SINGAPORE (May 14): Tiong Seng Holdings reported 1Q18 earnings of $4.9 million, up nearly fivefold from its earnings of $1 million a year ago due to improved profit margins.