Wee Hur Holdings

[Xiaosaint]

Hi guys, anyone going to the upcoming AGM?

[cyclone]

Award of A New Project from the Housing & Development Board

Wee Hur Holdings Ltd. announced that its wholly-owned subsidiary, Wee Hur Construction Pte Ltd, had secured a new project worth S$96,000,000.00 from the Housing & Development Board.

The scope of the Project covers the building and contingency works at Geylang Contract 43A.

The Project will commence in July 2019 and is expected to complete in fourth quarter 2022.

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 31 December 2019.

[cyclone]

Award of A New Construction Project at 95 Portsdown Road

Wee Hur Holdings Ltd. announced that its wholly-owned subsidiary, Wee Hur Construction Pte Ltd, had secured a construction project worth S$38,980,000.00 from Tanglin Trust School Limited.

The scope of the Project covers the additions and alterations to existing Tanglin Trust School involving new erection of 11-storey educational institution block with carpark and sports and recreational facilities Mk 03 on Lot 05252w at 95 Portsdown Road.

The Project will commence on 15 July 2019 and is expected to complete on 15 July 2021.

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 31 December 2019.

[cyclone]

Award of a Tender for the Land known as Pioneer Lodge Situated at Soon Lee Road

Wee Hur Holdings Ltd. announced that Active System Development Pte Ltd (“ASDPL”), a 75%-owned subsidiary of the Company held through Wee Hur Dormitory Pte Ltd, has been awarded the tender for the land known as Pioneer Lodge situated at Soon Lee Road on state land Lot 4564K PT MK06 from the Building and Construction Authority (“BCA”) at a monthly rent of S$724,500 per month (GST exempted) and BCA’s administration fee of S$58,500 per month (excluding GST).

The lease of the Land is for a period of 3 years commencing from 1 October 2019 to 29 September 2022 and for the purpose of building a foreign workers dormitory.

[cyclone]

Award of A Tender for Land Parcel at Jalan Bunga Rampai by Urban Redevelopment Authority

Wee Hur Holdings Ltd. announced that its wholly-owned subsidiary, Wee Hur Development Pte Ltd, has been awarded the tender for the State Lease of the land parcel at Lot 10613W of Mukim 24 at Jalan Bunga Rampai by the Urban Redevelopment Authority at a tendered price of S$93,390,000.00.

The Land, which under a 99-year lease, has a site area of 4,666.6 square meter. The Land is located around 400 meters away from the Bartley MRT station. It can yield an estimated 115 residential units.

The award of the Land 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 31 December 2020.

[CY09]

Wee Hur's business has been badly hit as its segments in construction, student accommodation and worker's dorm are being affected by COVID

With Singapore's gradual relaxation of border measures, its construction should start to turnaround. What remains is its Aussie student dorm which requires Australia's borders to reopen for foreign students to re enter.

A definite turnaround story but it really depends on how Singapore and Australia manages covid

https://links.sgx.com/FileOpen/WHH_1HFY2...eID=679001