Lum Chang Secures SGD29.14 Million Contract for Commercial Development

Lum Chang Holdings Limited ( (SG:L19) ) has shared an announcement.

Lum Chang Holdings Limited announced that its subsidiary, Lum Chang Interior Pte. Ltd., has secured a contract worth approximately SGD29.14 million for additions and alterations to a commercial development at 291 New Bridge Road. The project, awarded by Shaw Brothers Limited, includes design and retrofitting works for various facilities and is scheduled to begin in April 2025. While the contract will not materially impact the financial results for the year ending June 2025, it contributes to the company’s outstanding construction work value of approximately SGD176.7 million.

More about Lum Chang Holdings Limited

Lum Chang Holdings Limited, listed on the Mainboard of Singapore Exchange since 1984, has its roots in construction dating back to the 1940s. The company has diversified into property development and investment, with projects spanning commercial, residential, industrial, and infrastructural sectors in Singapore, West Malaysia, and London.

YTD Price Performance: 3.70%

Average Trading Volume: 39,302

Technical Sentiment Signal: Sell

Current Market Cap: S$105.5M

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