Hiap Seng Engineering, the specialist engineering group for the oil and gas, petrochemical and pharmaceutical industries, says it has clinched a three-year term integrated plot contract by Singapore Refining Company for plant maintenance works on Jurong Island on a cost-plus/unit rate basis.

The contract of unspecified value takes effect from 1 April 2010 but the company does not expect any material impact on the net tangible assets or earnings per share for the current financial year ending March 31 2010.