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ven. Jul 27, 2018 – 22:45
A joint venture of Hong Leong Asia has received a call for tenders from the Building and Construction Authority (BCA) of Singapore for a 30-year lease lands at Pulau Punggol Barat, where an integrated construction and prefabrication center will be developed
HL-Sunway JV is a joint venture between HL Building Materials (HLBM) – a wholly owned subsidiary of Hong Leong Asia – and Sunway Concrete , which is a subsidiary of Sunway Construction Group Berhad.
The counterpart for the land is about 25.7 million Singaporean dollars. HLBM will bear 51% of this amount, in accordance with its participation in the joint venture. Funding will come from internal sources and external bank borrowings.
The construction of a fully mechanized integrated prefabrication plant with advanced technology is expected to begin next month, subject to relevant approvals.
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