UniFiberSys: Co has won a building contract from City Dev worth $166.8m for the construction of 5 condo blks with 2 carparks and other facilities at Sengkang West Ave/Fernlink. Construction will take approx 3 yrs commencing on 1 Aug 2011...
Co’s current order book now stands at $777.0m. Given co’s FY10 rev at $132.9m, contract is significant but note that co turned in a FY10 net loss of $44.8m and most recent 1Q loss of $4.6m. Co is also in default of a loan by Asia Star Fund as announced y’day
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