Boustead Projects

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greengiraffe Offline

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#153

20-10-2015, 07:02 PM

(20-10-2015, 06:47 PM)thor666 Wrote: Contracts awarded.. Not a lot but better than a drought..

Boustead Projects Limited (“Boustead Projects”) – a leading specialist in real estate solutions – is pleased to announce that it has been awarded two contracts in Singapore recently, with a total value of S$59 million.

The first contract involves the delivery of an integrated production and office facility (the “JEP Facility”) for JEP Precision Engineering Pte Ltd (“JEP Precision Engineering”) at the Seletar Aerospace Park (“SA Park”) in Singapore. JEP Precision Engineering is a major supplier of high quality precision-machined products for the aerospace, oil & gas and machine tool industries, with more than half of its production dedicated to aircraft engine components. To be completed in calendar year 4Q 2016, the JEP Facility will house a single-floor production area and adjoining four-floor office.

The second contract involves the delivery of an integrated production, logistics and office facility (the “Markono Facility”) for Markono Print Media Pte Ltd (“Markono Print Media”) at Pioneer Crescent in Singapore. Markono Print Media creates exceptional value for its clients through the provision of world-class printing, warehousing and fulfilment, and other supply chain solutions. To be completed in calendar year 4Q 2016, the Markono Facility will house eight floors of production, logistics and office space, incorporating an advanced automatic storage and retrieval system within its warehouse.

Mr Thomas Chu, Managing Director of Boustead Projects said, “We are honoured to be the selected design-and-build partner for JEP and Markono, both clients which happen to be relocating from existing facilities and expanding in Singapore. The JEP Facility marks our 17th project in the aerospace industry and our 9th project at the Seletar Aerospace Park, taking our leading track record in the industry to 200,000 square metres.” Mr Chu added, “Even in this more challenging environment, we continue to pursue opportunities on several fronts for design-and-build and development deals here at home in Singapore, as well as across regional markets where we intend to strengthen our overseas presence.”

The latest contracts will raise the Boustead Projects Group’s order book backlog (as at the end of June plus new orders since) to S$273 million. These contracts are not expected to have a material impact on the profitability, earnings per share and net tangible asset value per share of the Boustead Projects Group in the current financial year ending 31 March 2016.

None of the Directors or controlling shareholders of Boustead Projects has any interest, direct or indirect, in the above contracts. Listed on the Main Board of the SGX on 30 April 2015, Boustead Projects is a 51%owned subsidiary of Boustead Singapore Limited, a progressive global infrastructurerelated engineering services and geo-spatial technology group which is separately listed on the Main Board of the SGX.

By Order of the Board Eng Min Geok Company Secretary

http://infopub.sgx.com/Apps?A=COW_CorpAn...cb7c10fbc8

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