General Announcement::CSC secures $178 million worth of Contracts
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General Announcement::CSC secures $178 million worth of Contracts Issuer & Securities
Issuer/ Manager CSC HOLDINGS LIMITED Securities CSC HOLDINGS LTD - SG1F84861094 - C06 Stapled Security NoAnnouncement Details
Announcement Title General Announcement Date & Time of Broadcast 30-Sep-2016 18:09:51 Status New Announcement Sub Title CSC secures $178 million worth of Contracts Announcement Reference SG160930OTHRDKMX Submitted By (Co./ Ind. Name) Lee Quang Loong Designation Company Secretary Description (Please provide a detailed description of the event in the box below) Please refer to theattachment. AttachmentsContracts Secured 1HFY17.pdf Total size =38K
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30/9/2016
CSC HOLDINGS LIMITEDCo Registration No. 199707845E
FOR IMMEDIATE RELEASE CSC SECURES $178 MILLION WORTH OF CONTRACTS SINGAPORE, 30 September 2016 - Mainboard-listed foundation and geotechnical engineering specialist, CSC Holdings Limited has been awarded contracts worth approximately $178 Million since the start of its financial year 2017 on 1 April 2016, boosted by ongoing infrastructure projects in Singapore and an industrial project in Malaysia. East Coast Stretch of the Thomson-East Coast Line ("TEL")CSC has secured foundation contracts for three MRT stations along the East Coast Stretch of the TEL. The East Coast Stretch of the TEL comprises nine MRT stations and one Integrated Depot.
CSC's contract involves the construction of diaphragm walls, ground improvement works, bored piles, barrette piles and micro-piles for the Amber Station, Bayshore Station and Sungei Bedok Station. Sungei Bedok Station will be an interchange, connecting the TEL with the Downtown Line.
Work on these projects is expected to commence towards the end of 2016 and is targeted to complete by end 2018.
Land Preparation Works for Airfields and related ancillary works at Changi EastIn addition, CSC has been awarded contracts for land preparation works for airfields and related ancillary works at Changi East. Under the terms of engagement, CSC will provide ground improvement and driven-pile services for the project, which has started in mid- September 2016 and to be completed by end 2017.
Refinery and Petrochemical Integrated Development ("RAPID") Project in Pengerang, Johor, MalaysiaBeyond Singapore, significant contracts secured by the Group relates to the construction of foundations using reinforced concrete piles for the RAPID project in Malaysia. Developed by Malaysian oil and gas company Petroliam Nasional Berhad ("Petronas"), RAPID is
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CSC HOLDINGS LIMITEDCo Registration No. 199707845E
FOR IMMEDIATE RELEASElocated within the Pengerang Integrated Petroleum Complex in Johor, and will house oil refineries, naphtha crackers, petrochemical plants, as well as a liquefied natural gas (LNG) import terminal and a regasification plant. Work on the project has been ongoing since July 2016 and is expected to be completed within the CSC's 2017 financial year.
Apart from the above, other contracts awarded to CSC include private and public residential developments, schools, industrial developments and transport infrastructure projects in Singapore and Malaysia. Accordingly as at 30 September 2016, CSC's order book stood at approximately $200 million.
About CSC Holdings Limited
CSC Holdings Limited (SGX: C06) is Singapore's largest foundation and geotechnical engineering specialist, and one of the region's leading ground engineering solutions providers for private and public sector work, which include residential, commercial, industrial and infrastructure projects.
The Group operates principally as a foundation and geotechnical specialist and offers a full range of capabilities in this field, including the construction and installation of large diameter bored piles, diaphragm walls, driven piles, jack-in piles, micro piles, soil improvement works, soil investigation and instrumentation services, as well as automatic tunnel and structural monitoring survey. More information on CSC Holdings can be found at www.cschl.com.sg
For further enquiries, please contact:
Mr Lee Quang Loong CSC Holdings Limited DID: +65 6500 4755Email: qllee@cschl.com.sg
Ms Alvina TanArk Advisors Pte Ltd DID: +65 6338 8081
Email: alvina.tan@arkadvisors.com.sg
30 Sept '16 - CSC BAGS $97M WORTH OF CONTRACTS FOR TEL LINE Page 2 of 2
CSC Holdings Ltd. published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 October 2016 02:27:03 UTC.
Original documenthttp://www.cschl.com.sg/newsroom/Announcement_dtd_Contracts_Secured_1HFY17_300916.pdf
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