SINGAPORE (Apr 2): Wee Hur Holdings says its subsidiary has won a construction project worth $34.2 million from the Ministry of Health.

Wee Hur Construction will develop a 9-storey nursing home at at Potong Pasir Avenue 1.

Construction will start on April 22 and and end on Jan 21 2021.

Wee Hur says the project is not expected to have a material impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for the financial year ending Dec 31.

None of Wee Hur directors or controlling shareholders of the company has any interest, direct or indirect, in the project.

Shares in Wee Hur closed 0.5 cent higher at 22 cents on Tuesday.