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ISOTEAM LTD. — Capital/Financing Update 2025
Jul 2, 2025
67832_rns_2025-07-02_01af0019-0afc-4961-896c-c76c6e27be74.pdf
Capital/Financing Update
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ISOTEAM LTD.
(Company registration number: 201230294M) (Incorporated in the Republic of Singapore on 12 December 2012)
AWARD OF CONTRACTS
The Board of Directors of ISOTeam Ltd. (the “ Company ”, and together with its subsidiaries, the “ Group ”) wishes to announce that the Group has secured the following projects, which are worth approximately S$21.0 million in aggregate:
- (1) 6 Coating and Painting (C&P) projects with a total contract value of approximately S$3.7 million, which are expected to be completed by December 2026
These include C&P works at Tuas Terminal Gateway, Resorts World Sentosa, a multi-storey car park at Pasir Ris, a polyclinic at Clementi, Singapore American School and MCST 4561.
- (2) 4 Addition and Alteration (A&A) projects with a total contract value of approximately S$7.9 million, which are expected to be completed by October 2026
These include A&A works at Bukit Panjang Ring, Tuas Jetty, Mohamed Sultan Road and 5 blocks at Nee Soon Central Division.
- (3) 3 Landscaping (ILS) projects with a total contract value of approximately $1.2 million, which are expected to be completed by May 2027
These include ILS works at a 9-storey nursing home at Bukit Panjang, Bedok neighbourhood and Community Spaces in Ang Mo Kio.
- (4) 5 Renewable Solutions (RS) projects with a total contract value of approximately $7.1 million[1] , which are expected to be completed by December 2025
These include RS works at Teck Whye Crescent, Jalan Terusan, Tuas South, Neo Tiew Crescent and Jalan Besut.
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1 Includes a S$1.25 million contract to be executed pursuant to a letter of award received by the Company.
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(5) 3 Interior Design (ID) projects with a total contract value of approximately S$0.6 million, which are expected to be completed by December 2025
These include ID works at Orchard Gateway and Rifle Range Road.
- (6) 1 Repair and Redecoration (R&R) project with a total contract value of approximately S$0.5 million, which is expected to be completing soon
This project refers to the work at Raffles Hospital.
None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the contracts secured, other than through their respective shareholdings (if any) in the Company.
BY ORDER OF THE BOARD ISOTEAM LTD.
Anthony Koh Thong Huat Executive Director and Chief Executive Officer 2 July 2025
This announcement has been prepared by the Company and its contents have been reviewed by the Company’s Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.
The contact person for the Sponsor is Mr Kaeson Chui, Vice President, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, Telephone (65) 6415 9886.