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Libra Group Secure Two Contracts Worth $14 million; Philips Project Terminated
Daily Bulletin | 01 September 2015
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Libra Group announced its wholly-owned subsidiary, Kin Xin Engineering, has been awarded two air-conditioning and mechanical ventilation works contracts total worth approximately $14.4 million, and the termination of the Philips Project contract.

The first contract is by Deenn Engineering for the supply and installation of air-conditioning and mechanical ventilation works for a proposed construction of multi-storey vehicle storage and support facilities at Selarang worth $9 million.

The second contract has been awarded by Kim Seng Heng Engineering Construction for the installation of air-conditioning and mechanical ventilation and fire protection system for a proposed erection of an 11-storey Singapore Cultural Centre worth $5.4 million, scheduled to be completed by August 2016.

In the same announcement, the group announced the contract awarded to its wholly-owned subsidiary, Libra Building Construction, for works in relation in supply, delivery and installation of the architectural works for the Philips Project worth approximately $13 million has been mutually terminated by SH Design & Build, who will compensate $350,000 to Libra Building Construction.

Libra Group  -- -- --   
Business: Principally engaged in the provision of integrated mechanical & electrical engineering (M&E) services as a sub-contractor. [FY17 Turnover] M&E (56.7%), building & construction solutions (23.4%), mfg (19.9%).

Insight: Mar-18, FY17 revenue slid 12.9% mainly due to lowe... Read More


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