BEING

RESILIENT

KEONG HONG HOLDINGS LIMITED ANNUAL REPORT 2020

CONTENTS

  1. Chairman's Message
  1. Financial Highlights
  1. Financial & Operations Review
  1. Board Of Directors
  1. Key Management
  2. Corporate Information
  3. Corporate Governance Report
  1. Directors' Statement
  1. Independent Auditors' Report
  1. Financial Statements
  1. Analysis Of Shareholdings
  2. Notice Of Annual General Meeting
  1. Additional Information on Directors Seeking Re-election
    Proxy Form

KEONG HONG HOLDINGS LIMITED

01

ANNUAL REPORT 2020

YEAR IN

REVIEW

APRIL

The Group has been awarded a S$69.5 million building construction contract for Sky Everton Condominium.

All construction activities were temporary suspended due to Covid-19 Circuit Breaker and the lockdown of foreign workers'

dormitories.

AUGUST

We were able to resume construction work gradually when dormitories housing foreign workers were cleared in August.

The Group successfully issued S$48.0 million 6.25% Series 3 Notes, which will be maturing in

2023.

JANUARY

Keong Hong has been awarded a S$306.6 million building construction contract for Punggol Regional Sports Centre, a joint tender with Hyundai Engineering & Construction Co.

Ltd.. The Group holds a 30% interest in the joint venture limited partnership.

JUNE

Circuit Breaker ended on

1 June, however, we are unable to resume our construction activities immediately as we have to ensure our worksites are in compliance with Building and Construction Authority (BCA) and the Ministry of Manpower

(MOM) regulations.

The Group increased the limit of its Multicurrency Medium Term Note Programme from S$150.0 million to S$200.0 million.

DECEMBER

Our Head Office at Sungei Kadut, obtained its Certificate of Accreditation by Singapore Concrete Institute for Prefabricated Bathroom Units (PBU) pre-finishes and fittings.

We welcomed a new substantial shareholder, LJHB Holdings (S) Pte. Ltd., which has taken a 21% stake in the issued share capital of the Group.

02

KEONG HONG HOLDINGS LIMITED

ANNUAL REPORT 2020

BEING

RESILIENT

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Keong Hong Holdings Ltd. published this content on 06 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2021 06:09:03 UTC