Brief: Yongnam Says Co's 40%-Owned JV With Daewoo Engineering & Construction Got Contract
20/07/2020 01:55
July 20 (Reuters) - Yongnam Holdings Ltd YNAM.SI :
* 40%-OWNED JV WITH DAEWOO ENGINEERING & CONSTRUCTION
CLINCHED A
S$320.4 MILLION DESIGN AND BUILD CONTRACT
* PROJECT EXPECTED TO COMMENCE IN 2020
* YONGNAM- UNDER CONTRACT, JV WILL BE MAIN CONTRACTOR FOR
DESIGN
AND CONSTRUCTION OF 3 MRT STATIONS AND AN ASSOCIATED VIADUCT
* CONTRACT AWARD EXPECTED TO HAVE POSITIVE IMPACT ON GROUP'S
FINANCIAL PERFORMANCE FOR YEAR ENDING DEC 31, 2020
Source text for Eikon: ID:nSNZYH0xT
Further company coverage: YNAM.SI
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Yongnam Holdings
See all newsBrief: Yongnam Holdings Updates On Applications For Winding Up & Discharge From Judicial Management
Brief: Yongnam Holdings Submits Applications For Winding Up On 1 Aug
Brief: Yongnam Says Novation Of Sub-Contract J109 Project
Brief: Yongnam Says Unit Enters Sale & Purchase Deal
Brief: Yongnam - Continued To Engage With Bankers For Realisation Of Their Security Interests To Reduce Bank Debts