Shares of Boustead surged 4.59% in pre-market trading on Monday following the announcement of a significant new contract for its engineering and construction division.
The company disclosed in a Friday bourse filing that it has been awarded a contract valued at over S$400 million by a public-sector client to construct an office complex in Singapore. This project represents Boustead's largest contract to date in terms of value and is scheduled to span three years.
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