Boustead unit secures over S$400 million contract to build office complex
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Boustead's engineering and construction unit has secured a contract exceeding S$400 million to build an office complex in Singapore, marking its largest project to date. This contract increases the order backlog of its real estate solutions division to S$837 million and the engineering segment to S$1 billion. The project will take three years to complete and is not expected to significantly impact the group's profitability for the financial year ending March 31, 2027. Boustead's shares fell 2.2% to S$2.18 prior to the announcement.
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Source: Businesstimes News The copyright of this article belongs to the original author/organization.
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