Poh Lian wins S$202m building contract from UOL Development
Poh Lian Construction, a unit of United Fiber System, has won the building contract to redevelop a site formerly known as Green Meadows condominium along Upper Thomas Road.
The contract, awarded by UOL Development, is worth about S$202 million.
The award of the project has boosted Poh Lian’s order book to a new record of S$550 million, up 58 percent since January 31.
Poh Lian said the latest contract is expected to contribute positively to the group and is expected to have a material impact on its current year’s results.
Details of the contract are still being finalised.
Poh Lian said it will disclose the financial impact on the group’s net tangible assets and earnings per share at a later date.
Source : ChannelNewsAsia - 6 Mar 2008
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