TA Corporation Ltd. Awarded S\$20.77 Million Main Contract for New Church Construction

Key Highlights

• Contract Awarded: TA Corporation Ltd.’s wholly-owned subsidiary, Cornerstone Builders Pte. Ltd., has secured the tender for the main contract works from Bethesda Community.
• Project Details: The contract involves the erection of a 5-storey church and ancillary facilities, located at Tampines Street 86.
• Contract Value: The total contract sum is S\$20,770,000.
• Construction Timeline: The project is scheduled to commence in January 2026 and will be carried out over a period of 16 months.

Implications for Shareholders

• Financial Impact: The company has stated that the project is not expected to have any material impact on the consolidated earnings per share or net tangible assets per share for the financial year ending 31 December 2025.
• No Director or Substantial Shareholder Interest: None of the directors or substantial shareholders has any direct or indirect interest in the project, aside from their shareholdings in the company, if any.
• Trading Suspension: It is important to note that trading of TA Corporation Ltd.’s securities on the SGX-ST has been voluntarily suspended since 17 July 2023. This means that investors currently cannot trade the company’s shares on the exchange, and the announcement may not have an immediate effect on share price volatility.
• Investor Advisory: The company has advised shareholders and stakeholders to exercise caution and to consult professional advisors if in doubt about any actions to take regarding the company’s securities.

Detailed Overview

TA Corporation Ltd., a Singapore-based property and construction group, has announced a significant contract win through its fully owned subsidiary, Cornerstone Builders Pte. Ltd. The company will be undertaking the main contract works for the development of a new 5-storey church and accompanying facilities at Tampines Street 86, commissioned by Bethesda Community.

The contract, valued at S\$20.77 million, demonstrates the group’s continued ability to secure large-scale construction projects in Singapore’s competitive building sector. The construction is scheduled for commencement in January 2026, with a completion timeline of 16 months. This project further enhances the group’s order book and supports its strategic positioning in the institutional and community infrastructure segment.

However, the group has clarified that the financial contribution from this project is not expected to substantially affect its consolidated earnings per share or net tangible assets per share for the financial year ending 31 December 2025. This is likely due to the timing of revenue recognition and the project’s commencement in 2026.

Another critical point for investors is the ongoing voluntary suspension of the company’s securities on the Singapore Exchange (SGX-ST), which has been in effect since 17 July 2023. As such, while the new contract win is positive for the company’s operations and future outlook, it may not result in any immediate market activity or price movement until trading resumes.

Important Advisory for Investors

Shareholders and other stakeholders are strongly advised to monitor further announcements from the company and to exercise caution in any dealings with the company’s securities. Investors with questions or concerns should seek professional advice from stockbrokers, bank managers, solicitors, accountants, or other relevant advisors.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to consult professional advisors and should be aware that trading in TA Corporation Ltd.’s securities remains suspended. The information provided is based on the company’s public disclosures as of 8 December 2025 and may be subject to change.

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