Both projects support companies which manufacture lithium-ion batteries for electric vehicles. The first project began in August and will run through April 2026, while the second project will commence in the second half of November 2025 and is expected to be completed in July 2027.
The remaining $10.1 million comes from Chasen Logistics Services Limited (CLSG), Chasen Logistics Sdn Bhd (CLSB) and Chasen (Chuzhou) Hi-Tech Machinery Services Pte Ltd (HTC).
CLSG has secured relocation projects for a Taiwanese company to move-in machine foundation and production equipment for a Taiwanese semiconductor fabrication plant in Singapore. These projects kicked-off in July and are scheduled to be completed in 2026.
CSLB has secured the first phase of equipment move-in of semiconductor machines for a Taiwanese-owned integrated circuits manufacturing plant in Penang from October to January 2026, while HTC has commenced relocation services in June for a China-based 8.6 generation TFT LCD plant targeted for completion in December 2025.
See also: Attika Group secures interior-fit out contracts worth a total of $38 mil
Meanwhile, two of Chasen’s subsidiaries from the Technical & Engineering (T&E) segment have secured several projects valued at $16.3 million in Singapore.
Shares in Chasen Holdings closed flat at 8.7 cents on Nov 11.
