Yongnam wins 2 more Marina Bay sub-contracts

Yongnam wins 2 more Marina Bay sub-contracts 

 

 

Mainboard-listed Yongnam has secured two more sub-contracts for construction works at Marina Bay.

 

The two contracts are worth about $83.4 million.

 

Yongnam has four previous contracts for works at Marina Bay, totalling $178 million.

 

Of the new orders, the first was awarded by Penta-Ocean Construction, under which Yongnam will supply, fabricate, deliver and erect structural steelworks for the integrated resort’s ArtScience Museum.

 

The second contract was awarded by Sembawang Engineers & Constructors, under which Yongnam will supply, deliver and install the structural steelworks for the construction of the casino and theatre podium.

 

Both contracts are expected to have a material impact on the firm’s 2008 financial performance.

 

Source: 938Live

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