Stock News: BBR Holdings unit wins 32 mln usd deal in Sri Lanka

Construction firm BBR Holdings (S) Ltd said its unit Singapore Piling & Civil Engineering Pte Ltd has secured a 32 mln usd contract from Asia Hotels & Properties Ltd to build a 35-storey residential tower in Colombo, Sri Lanka. The construction of the residential tower called "The Emperor," which will have 38,450 square meters in gross floor area and consist of 172 units, will be completed in 38.5 months, it said. BBR Holdings said the deal is not expected to have any material financial impact on its consolidated net tangible assets per share and consolidated earnings per share this year.