Brief: Hor Kew Corp says unit debarred by Ministry of Finance
15/12/2015 10:59
Dec 15 (Reuters) - Hor Kew Corporation Ltd HKEW.SI : * Unit has been debarred by Ministry Of Finance Singapore from tendering for all lines of business until 25 November 2016 * Debarment on grounds of withdrawal of tenders before award was made * Says debarment from tendering by Ministry Of Finance is expected to affect performance of co for next FY ending 31 December 2016 * "Negative impact of debarment from tendering on group's performance will be mitigated" * Group diverted resources to precast and prefabrication activities after considering low/negative returns from construction activities * Source text for Eikon ID:nSNZ1jc3Hr ((For more news, please click here HKEW.SI )) ((Bengaluru Newsroom; +91 80 6749 1130))
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