Pek Lian Guan

Tiong Seng CEO Pek Lian Guan under CPIB probe

SINGAPORE (Sept 16): Pek Lian Guan, the CEO and executive director of Tiong Seng Holdings, is being probed by the Corrupt Practices Investigation Bureau in connection with certain staff loan transactions.

In a filing to SGX on Sept 16, the company revealed that Pek, who has worked in the construction company since 1990, was interviewed by CPIB on Sept 12.

Tiong Seng unit wins $113.8 mil design and construction project

SINGAPORE (Feb 28): Tiong Seng Contractors, the subsidiary of construction group and property developer, Tiong Seng Holdings, has won a $113.8 million contract at Alexandra View from FEC Skyline.

The project involves the use of advanced precast construction, Prefabricated Bathroom Unit (PBU) and Design for Manufacturing and Assembly (DfMA).

Tiong Seng’s 3Q earnings fall 30% to $1.9 mil on lower revenue

SINGAPORE (Nov 2): Singapore contractor Tiong Seng Holdings posted a fall in earnings for 3Q16 to $1.88 million, 30% down from $2.67 million in the same period the year before.

Overall revenue fell by 12% to $145.9 million mainly due to lower income from the sales of goods and development properties, which declined 85% and 42% respectively.

No interim dividend has been declared for the quarter.

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