26-06-2015, 10:29 PM
NORDIC CLINCHES INSULATION CONTRACTS WORTH SGD 3.7 MILLION
Austin Energy (Asia) Pte Ltd (Austin), wholly owned subsidiary of Mainboard-listed Nordic Group Limited (Nordic Group), has been awarded three contracts with value totalling approximately S$3.7 million to provide labour and materials to perform insulation works for Ichthys Field Development Project and Ivar Aasen Project. Initial phases of the contracted works for Austin have commenced in Q2 2015 and these projects will continue up to Q1 2016. The above contracts are not expected to have material impact on the net tangible assets and earnings per share of Nordic Group Limited for the current financial year.
BY ORDER OF THE BOARD
CHANG YEH HONG
EXECUTIVE CHAIRMAN
25 JUNE 2015
Austin Energy (Asia) Pte Ltd (Austin), wholly owned subsidiary of Mainboard-listed Nordic Group Limited (Nordic Group), has been awarded three contracts with value totalling approximately S$3.7 million to provide labour and materials to perform insulation works for Ichthys Field Development Project and Ivar Aasen Project. Initial phases of the contracted works for Austin have commenced in Q2 2015 and these projects will continue up to Q1 2016. The above contracts are not expected to have material impact on the net tangible assets and earnings per share of Nordic Group Limited for the current financial year.
BY ORDER OF THE BOARD
CHANG YEH HONG
EXECUTIVE CHAIRMAN
25 JUNE 2015