Hiap Tong wins contract for cranage services; contract to contribute positively to financial performance

The actual value of the contract's lifting services will depend on the amount and scope of work to be carried out.

Crane company Hiap Tong Corporation’s wholly-owned subsidiary, Hiap Tong Crane & Transport, has been awarded a contract for the supply, execution and completion of cranage services.

The terms of the contract will see Hiap Tong providing crane rental and, or lifting services work over an estimated period of two years from January.

The value of the contract was not disclosed as the actual value of the lifting services will depend on the amount and scope of work to be carried out.

That said, Hiap Tong says it expects the contract to have a positive contribution to its financial performance.

Shares in Hiap Tong closed flat at 6.4 cents on Jan 12.

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