SINGAPORE (Sept 9): Tiong Seng Holdings' wholly-owned subsidiary, Tiong Seng Contractors, has won a contract from JTC Corporation worth $287 million.

The contract is for the construction of a seven-storey industrial ramp-up multi-user building with ancillary facilities at Ang Mo Kio Street 64/65.

The group is expected to take possession of the site by this month.

The contract is not expected to have any material impact on Tiong Seng’s earnings for FY19.

As at 10.40am, shares in Tiong Seng are trading at 22 cents.