TEE International

TEE International: Announced that it has signed a conditional letter of intent with Hyundai Mechanical and Construction Co., Ltd to deliver a S$142m Mechanical and Electrical (M&E) Package for the Marina South Mixed Development Project. The package is expected to have a duration of 28 months. OCBC see this as a positive development which would significantly replenish the group’s order book. Together with the Marina One Package, the group’s current outstanding order book would stand at approximately $317m.