CNQC INT'L has been awarded five construction contracts

CNQC INT'L recently received five construction contracts, including four in Hong Kong and one in Singapore, with a total contract value estimated at approximately HKD 6.91 billion. The expected completion dates for the contracts range from 2026 to 2029. The actual contract value may vary due to contingent items

According to the Zhitong Finance APP, CNQC INT'L (01240) announced that the group has recently been awarded four construction contracts in Hong Kong and one construction contract in Singapore, namely:

(i) The Hong Kong Housing Authority awarded a major contract (the Hongzhou Contract) to the company's indirectly wholly-owned subsidiary for the construction works of the public housing development plan at Yuen Long, Lot A on January 2, 2026;

(ii) The Hong Kong Housing Authority awarded a major contract (the Baoshi Lake Contract) to the same indirectly wholly-owned subsidiary of the company for the construction works of the public housing development plan at Sheung Shui, Baoshi Lake Road on March 11, 2026;

(iii) Lingnan University awarded a major contract (the Lingnan Contract) to the same indirectly wholly-owned subsidiary of the company for the main contracting works of Lingnan T-Plus on March 13, 2026;

(iv) The Hong Kong Housing Authority awarded a major contract (the Longbian Contract) to another indirectly wholly-owned subsidiary of the company for the foundation works of the public housing development plan at Yuen Long, Longbian Phase 3 on May 13, 2026;

and (v) The Singapore Housing & Development Board awarded a major contract (the CV Project Contract, collectively referred to with the Hongzhou Contract, Baoshi Lake Contract, and Lingnan Contract) to another indirectly wholly-owned subsidiary of the company for the construction works of the CV project (Part A) and emergency works (Part B) on April 30, 2026.

If all construction works described in these contracts are completed, the total contract amount for the five contracts is expected to be approximately HKD 6.91 billion (including contingent amounts) (the contract amount). The Hongzhou Contract is expected to be completed by November 2028, the Baoshi Lake Contract by March 2029, the Lingnan Contract by December 2026, the Longbian Contract by May 2028, and the CV Project Contract by October 2029. Since the contract amount includes contingent amounts, it may not be realized, and therefore the actual contract amount received by the group from these contracts may not equal the contract amount