GRC wins HDB contracts worth $242.7 million

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: Ever Glory wins $230 mil of new contracts, lifts order book to above $900 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.