TEE International signs conditional letter of intent for Marina South project

S$142m package to replenish order book.

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, reports OCBC.

The package is expected to have a duration of 28 months.

"We 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 S$317m," said OCBC.

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