Tiong Seng Holdings

Contracts

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

SINGAPORE (Mar 23): Mainboard-listed construction group and property developer Tiong Seng Holdings has secured a contract worth $227.5 million to construct a private residential development on Tan

Company in the news

Tiong Seng carves out new engineering solutions unit; reorganises management structure

SINGAPORE (Dec 10): Following a strategic review of its various businesses, Tiong Seng Holdings says it will carve out a new engineering solutions arm and reorganise its management structure.

Markets

Fed cuts rate, but neutral stance disappoints markets; oil prices ease with assurance of supply

SINGAPORE (Sept 23): On Sept 18, the US Federal Reserve lowered interest rates for the second time this year by 25 basis points to between 1.75% and 2%.

Management & Corporate Governance

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 transa

Contracts

Tiong Seng awarded $287 mil contract by JTC

SINGAPORE (Sept 9): Tiong Seng Holdings' wholly-owned subsidiary, Tiong Seng Contractors, has won a contract from JTC Corporation worth $287 million.

M&A

Tiong Seng secures $130.5 mil contract to build hotel using PPVC method

SINGAPORE (Aug 27): Tiong Seng Holdings, the construction group and property developer, has been awarded a construction contract worth $130.5 million by Midtown Development, a company that is part

Company in the news

Tiong Seng sells 55% stake in subsidiary Huiyang for $13.4 mil

SINGAPORE (June 3): Tiong Seng’s subsidiary Suzhou Huisheng Construction Development Co is selling its entire 55% stake in Jiangsu Huiyang Construction Development Co to its 45% shareholder for a c

Results

Tiong Seng posts 73% drop in 1Q earnings to $1.3 mil

SINGAPORE (May 13): Tiong Seng Holdings announced that its 1Q19 earnings have dropped by 73% to $1.3 million, compared to $4.9 million in 1Q18.

Tiong Seng partners leading UK construction firm to explore 3D printing technology for construction

SINGAPORE (Sept 24): Property developer and construction group Tiong Seng Holdings has signed a memorandum of understanding with leading UK construction firm Laing O’Rourke to further the developme

Property

Tiong Seng awarded $28.9 mil contract for Balmoral Road condominium

SINGAPORE (June 19): Tiong Seng Holdings’ wholly-owned subsidiary Tiong Seng Civil Engineering has secured a contract worth $28.9 million for construction work at a condominium development at Balmo

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