Wee Hur Holdings’ wholly-owned subsidiary, Wee Hur Construction, has secured a $103.6 million contract to redevelop Jurong Entertainment Centre at 2 Jurong East Street 13 which is managed by CapitaMall Trust.

This project involves the construction of a five-storey shopping and entertainment complex with three levels of basement covering a Gross Floor Area (GFA) of 29,433 square metres.

In addition to a supermarket, restaurants and retail shops, this new mall will boast an Olympic-size ice skating ring in the centre of the building, and a multi-screen cinema on the higher floors. The construction works will start from March 31 and is expected to be completed by November.

The contract is not expected to have a significant impact on the net tangible assets per share and earnings per share of the group for the year ending Dec 31 2010.

None of the directors has any interest, direct or indirect, in the contract. As far as the directors are aware, none of the substantial shareholders or controlling shareholders of the company has any interest, direct or indirect, in the contract.