Qingjian International (01240) announced that on October 18, 2023, the Hong Kong Housing Authority has awarded construction contracts to the company's indirect wholly-owned subsidiaries for the foundation works of Phase 1 and Phase 2 public housing development plans at Site No. 6 Kam Sheung Road, Hong Kong.
If all of the foundation works included in the contract are completed, the total contract value of the contract is expected to be approximately HK$390 million, and the contract is expected to be completed within about 11 months.