GRC, the renamed OKH Global, has won a contract worth $242.7 million to build five new Housing & Development Board flats plus adjacent facilities.
The construction period is 39 months, and is targeted to commence in the second half of 2025.
GRC is made up mainly of the construction business of formerly Chip Eng Seng Corp, which was privatised back in early 2023.
The construction business was then sold to OKH Global for $118.5 million by issuing new shares at 5.252 cents each.
OKH Global was then in property investments.
Along with the new focus in construction, it was then renamed GRC.
See also: Soilbuild wins new contracts worth $178.6 mil
All these entities are controlled by Gordon and Celine Tang.
The contract is not expected to have any material impact on the net tangible assets and earnings per share for the current financial year ending June 30 2026.
GRC shares closed at 3.9 cents on July 10.
