Huationg Global grows order book

SINGAPORE - Civil engineering firm Huationg Global today announced a strong growth in its order book since its listing.

Additional new contracts secured since its initial public offering (IPO) on Dec 3 amounted to $28.5 million, pushing its total order book as at Feb 27 to $118.5 million. The new contracts will be delivered over the next five years.

Chief executive Patrick Ng said: "We will continue to leverage and capitalise on our competitive strengths to grow the group's core business and to ride on the promising outlook for the construction sector demand projected by the Building and Construction Authority, particularly in public works and infrastructure development including new MRT Lines."

Huationg Global dropped 4.35 per cent today to 22 cents, but has gained 10 per cent since trading started on Dec 8.

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