Tiong Seng Holdings

Results

Tiong Seng reverses into earnings of $3.5 mil for 2HFY2023

As at Dec 31, 2023, Tiong Seng has $41.4 million worth of assets held for sale. The bulk of it is expected to be sold in FY2024.

Property

Tiong Seng's jointly-developed Sloane Residences achieves TOP, sells nearly 90% of units

Sloane Residences is a freehold 12-storey condominium located along 17 Balmoral Road in prime District 10.

Leadership

Tiong Seng Holdings appoints new non-exec chairman to subsidiary Tiong Seng Chang De

Amos Ong has been appointed non-executive chairman of Tiong Seng Chang De, the property development subsidiary of Tiong Seng

Construction

Tiong Seng wins MCCY contract worth $192.3 mil for development of Outward Bound Singapore campus on Coney Island

The possession of the site is expected to take place in December 2020.
Tiong Seng appoints former MP Teo Ho Pin as new independent board director - THE EDGE SINGAPORE

Company in the news

Tiong Seng appoints former MP Teo Ho Pin as new independent board director

Teo’s appointment will take effect from Oct 15.

Results

Tiong Seng Holdings reports losses of $9.2 mil for 1H20

Mainboard-listed construction and civil engineering company Tiong Seng Holdings has reported a loss of $9.2 million for the 1H20 ended June. In comparison, the company registered earnings of $2.7 million in 1H19.

Construction

Tiong Seng expects net loss for 1H20 due to lockdowns; Bribery case still ongoing

Tiong Seng Holdings warn of expected loss in 1H results, attributes this to circuit breaker in Singapore and Movement Control Order in Malaysia

Company in the news

Tiong Seng executives charged in court, denies bribery allegations

In a statement on July 24, Tiong Seng Holdings says Pek and Pay are currently on bail, and have both denied the alleged offences.

Contracts

Tiong Seng's new $228 mil private residential contract lifts order book to $1.2 bil

The private residential project will see the group construct two 30-storey residential apartment blocks with more than 500 units, along with a commercial area on the first storey.
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