Yongnam Holdings

Yongnam to issue 19.7 mil new shares and $9.5 mil in redeemable convertible bonds  - THE EDGE SINGAPORE

Equity raising

Yongnam to issue 19.7 mil new shares and $9.5 mil in redeemable convertible bonds

The issuances follow the maturity of $12.5 mil existing convertible bonds on June 4.
Yongnam seeks to raise $7.9 mil via proposed placement of up to 104 mil new shares - THE EDGE SINGAPORE

Equity raising

Yongnam seeks to raise $7.9 mil via proposed placement of up to 104 mil new shares

The proposed placement will be at an issue price of 7.6 cents per share.
Yongnam lands five contracts worth $32.8 mil in Singapore and Hong Kong - THE EDGE SINGAPORE

Contracts

Yongnam lands five contracts worth $32.8 mil in Singapore and Hong Kong

The contracts include works for the ICA Building and the upcoming Integrated Train Testing Centre in Tuas.

Contracts

Yongnam’s joint venture clinches $320.4 mil contract for Jurong Region Line

This contract award is expected to have a positive impact on Yongnam’s financial performance for the year ending December 31.

Contracts

Yongnam wins four contracts in Singapore and Hong Kong worth a total of $63 mil

Established structural steel contractor and specialist civil engineering solutions provider announced on Thursday that it has clinched four contracts worth $63.0 million in Singapore and Hong Kong.

Covid-19 Solidarity Budget

Foreign worker levy rebates provide some relief, but retrenchments expected to spike

“This will be the highest retrenchments in Singapore’s history since independence – far worse than during the global financial crisis or Asian financial crisis.”

Contracts

Yongnam clinches 5 contracts in Singapore and Hong Kong worth $101.3 mil

SINGAPORE (Dec 17): Structural steel contractor and specialist civil engineering solutions provider Yongnam Holdings has secured five infrastructure contracts worth $101.3 million in Singapore and Hong Kong.

Broker's Calls

Yongnam on track for a potential turnaround in FY20, says CGS-CIMB

SINGAPORE (May 23): CGS-CIMB Research is maintaining its “add” call on Yongnam Holdings with an unchanged target price of 33 cents, which is pegged to 0.7 times FY19F P/BV based on a 20% discount to the long-term average of 0.9 times.

Contracts

Yongnam announces 5 contract wins worth $121 mil in total

SINGAPORE (May 16): Structural steel contractor and specialist civil engineering solutions provider Yongnam Holdings has secured five contracts in Singapore, Hong Kong and India worth a total of $120.8 million.

Results

Yongnam sinks deeper into the red in 1Q on completion of major projects

SINGAPORE (May 15): Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, sank deeper into 1Q net loss of $6.9 million from the net loss of $4.8 million a year ago, in line with lower overall sales and busi
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