SINGAPORE (July 24): Carpet specialist SMJ International Holdings has been awarded an interior design and fit-out consultancy project for the Lijiang Lilang Holiday Resort in China for a fee of RMB2 million ($0.4 million).

The consultancy agreement was signed between SMJ’s wholly-owned indirect subsidiary, Beijing Zhuoyue Tiancheng Business Management Co., and Lijiang Hong Shu Lin Tourism Culture & Real Estate Development Co.

“Our strategy to move upstream and be involved in more property related projects is bearing fruit,” says SMJ’s executive director and CEO, Rena Ho. “This is our second interior design and fit-out consultancy project and our business is growing in China with the hard work put in by our staff.”

Under the agreement, SMJ will provide the interior design and fit-out of Furniture, Fixture & Equipment (FF&E), Operating Supplies & Equipment (OS&E), and Monitoring & Evaluation (M&E) equipment for the 500-room resort located in Yunnan Province.

SMJ says the agreement is not expected to have any material impact on its financial performance for the financial year ending Dec 31, 2017.

“We will also continue to seek opportunities to progressively diversify into property investment and management both in Singapore and China, which will complement our business as a supplier of high quality carpets,” Ho adds.

Shares in SMJ last closed at 10 cents on June 28.