Kridhan Infra through its Singapore subsidiary - KH Foges has acquired a majority stake of 50.2% with Singapore's leading public listed EPC company 'Swee Hong' (SHL). Pursuant to the agreement, KH Foges has subscribed to 1400 million shares representing 50.2% of the enlarged share capital in SHL and 500 million new warrants to subscribe for additional shares in SHL. Each warrant entitles the holder to subscribe for one new share in SHL.
Swee Hong is one of the leading EPC Company in Singapore listed on the Main Board of Singapore Stock Exchange (SGX), engages in the civil engineering and tunneling works in Singapore with over 50 years of experience. Over the years, Swee Hong has grown from strength to strength to cover entire spectrum of EPC services with expertise in tunneling, sewer works, bridge works, roads works, flyovers, among others. The EPC order book of SHL stood at SGD 120 million as on March 31, 2016.
Kridhan Infra, an ISO 9001:2008 certified company, is one of the pioneers in introducing the concept of ready to use steel for the construction industry in the country.