Soilbuild Construction Group

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Soilbuild Construction Awarded New Construction Project Worth S$14.0 million
* Construction contract worth S$14.0 million to construct an industrial factory at Jalan Lam Huat, Singapore
* Order book stood at S$410.2 million (as at end of June 2019 plus new orders since)

Soilbuild Construction Group Ltd. announced that the Group’s wholly-owned subsidiary, Soil-Build (Pte.) Ltd., has been awarded a construction contract worth approximately S$14.0 million by a return customer to erect a 3-storey single-user ramp-up general industrial factory development with other ancillary facilities at Jalan Lam Huat.

Pursuant to the Contract, the project is scheduled to start in September 2019 and to be completed by third quarter of 2020.

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Award of Contract for the Proposed Erection of 4 Blocks of 8 & 9 Storey Multiple-User General Industrial Factory Development

Soilbuild Construction Group Ltd. announced that the Group has been awarded a contract by SB (Ipark) Investment Pte. Ltd. (the "Project Owner") for the proposed erection of 4 blocks of 8 & 9 storey multiple-user general industrial factory development with carpark, industrial canteen and other ancillary facilities at Tai Seng Avenue (the "Project").

The total contract sum for the Project is approximately S$162.5 million. The award of 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 current financial year ending 31 December 2019.

With the award of the Project, the Group’s order book (as at the end of September 2019 plus new orders after September 2019) stood at approximately S$551.0 million, of which S$505.3 million comprise order book from construction projects while S$45.7 million comprise order book for precast supply and delivery contracts.

More details in https://links.sgx.com/FileOpen/SBCG%20-%...eID=586522