The project is not expected to have any material impact on the group net tangible assets and earnings for FY19.
Shares in Keong Hong closed at 50 cents on Monday.
SINGAPORE (May 13): Keong Hong Holdings announced that its wholly-owned subsidiary, KH Land, has been awarded the main contract works for the proposed erection of two blocks of 12-storey residential flats (total 85 units) with basement car parks and a swimming pool at Farrer Road.
The contract was awarded by TE2KS-RH and is worth $24.6 million.
