Home News Contracts

Lum Chang Holdings wins $127.1 mil contract from Mapletree Industrial Trust for Kallang Way project

Felicia Tan
Felicia Tan11/16/2020 03:56 PM GMT+08  • 1 min read
Lum Chang Holdings wins $127.1 mil contract from Mapletree Industrial Trust for Kallang Way project
Lum Chang says the earnings from the project will be recognised progressively throughout the stages of its completion.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Construction and property development firm Lum Chang Holdings says it has secured a tender for an industrial project at Kallang Way worth $127.1 million.

The contract, which was executed with Mapletree Industrial Trust’s trustee, DBS Trustee Limited, was signed by Lum Chang’s wholly-owned subsidiary Lum Chang Building Contractors.

The project is scheduled to be completed over a 21-month period, and it’s slated to begin in late November 2020.

Under the contract, Lum Chang Building Contractors’ scope of works includes the construction of two multi-user general industrial buildings.

Lum Chang says the earnings from the project will be recognised progressively throughout the stages of its completion.

The latest contract brings the total outstanding value of construction works yet to be reported as revenue for Lum Chang Building Contractors to some $1.9 billion.

As at 3.56pm, shares in Lum Chang are trading 1 cent higher or 2.9% up at 35 cents.


See: Lum Chang wins $155.5 mil contract from Singapore government to refurbish Octagon building at Havelock Square

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.