SINGAPORE (Dec 18): Engineering, real estate and infrastructure group TEE International has secured new contracts for engineering and construction works worth some $20 million. 

The new contracts brings the group’s order book to date to $364 million. 

In a regulatory filing on Wednesday after market close, TEE International reported that the contracts were awarded to its wholly owned subsidiaries. 

TEE International says that the contracts are not expected to have any material impact on its earnings or net tangible assets figures for the current financial year ending May 31 2020. 

Shares in TEE International closed 0.1 cent lower, or 1.7% down, at 5.7 cents on Wednesday prior to the announcement.