The scope of work in the contract includes the design, retrofitting and building works for the mall, retail units, carpark and cinema, including but not limited to mechanical and electrical provisions.
The contract period is about 18 months, and Lum Chang is scheduled to commence work in April 2025.
The group says that revenue from the project will be recognised progressively according to the stages of its completion.
This latest award brings the total outstanding value of construction works yet to be reported as revenue for LC Interior to about $176.7 million.
See also: OKP Holdings secures $258.3 mil LTA contract to construct new cycling path networks in East
Shares in Lum Chang closed 1.5 cents higher or 5.357% up at 29.5 cents on Apr 15.
