Yongnam Holdings secures 2 contracts in Marina area worth S$40.7m

Mainboard-listed Yongnam Holdings has secured two new contracts worth a total of S$40.7 million for the Marina Bay Sands Integrated Resort and the Marina Coastal Expressway.

In the Marina Bay Sands contract, the engineering firm will construct a segment of the integrated resort’s Lion Garden Bridge and a cooling tower structure.

The second contract will involve the installation and eventual extraction of an earth retaining steel wall that was used in the construction of the 950-metre long tunnel along the Marina Coastal Expressway.

Yongnam said both contracts are expected to have a positive impact on its financial performance for the financial year ending December 2009.

Source : Channel NewsAsia – 18 Jun 2009

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