According to the Zhitong Finance App, 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 subsidiary for the foundation works of the Phase I and Phase II public housing development plans at Site 6, Kam Sheung Road, Hong Kong.
If all the foundation works included in the contract are completed, the total contract value of the contract is expected to be around HK$390 million, and the contract is expected to be completed within about 11 months.