Yongnam Unit Enters Novation Agreement with Aztec Steel

MT Newswires07-31

Yongnam Holdings (SGX:AXB) subsidiary, Yongnam Engineering and Construction (YNEC), entered into a novation agreement with Aztec Steel for the sub-contract certain earth retaining stabilizing structure works, temporary protection enclosure works, and other miscellaneous external structural steel works to certain mass rapid transit lines, according to a filing with the Singapore Exchange on Tuesday.

Through the novation agreement, a replacement sub-contractor will perform and be bound by the terms of each contract in every way.

Meanwhile, Daweoo-Yongnam Joint Venture, the main contractor, and YNEC will release and discharge each other from the performance of other party's obligations, duties and liabilities under the sub-contracts.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2455499924?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-31 13:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2455499924","market":"sg","top_or_hot":-1,"title":"Yongnam Unit Enters Novation Agreement with Aztec Steel","media":"MT Newswires","content":"<html><body><p> Yongnam Holdings (SGX:AXB) subsidiary, Yongnam Engineering and Construction (YNEC), entered into a novation agreement with Aztec Steel for the sub-contract certain earth retaining stabilizing structure works, temporary protection enclosure works, and other miscellaneous external structural steel works to certain mass rapid transit lines, according to a filing with the Singapore Exchange on Tuesday.</p><p>Through the novation agreement, a replacement sub-contractor will perform and be bound by the terms of each contract in every way.</p><p>Meanwhile, Daweoo-Yongnam Joint Venture, the main contractor, and YNEC will release and discharge each other from the performance of other party's obligations, duties and liabilities under the sub-contracts.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yongnam Unit Enters Novation Agreement with Aztec Steel</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYongnam Unit Enters Novation Agreement with Aztec Steel\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-31 13:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Yongnam Holdings (SGX:AXB) subsidiary, Yongnam Engineering and Construction (YNEC), entered into a novation agreement with Aztec Steel for the sub-contract certain earth retaining stabilizing ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6045","symbol_name":"建筑与工程","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2455499924","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2455499924","pubTimestamp":1722403075,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Yongnam Holdings  subsidiary, Yongnam Engineering and Construction , entered into a novation agreement with Aztec Steel for the sub-contract certain earth retaining stabilizing structure works, temporary protection enclosure works, and other miscellaneous external structural steel works to certain mass rapid transit lines, according to a filing with the Singapore Exchange on Tuesday.Through the novation agreement, a replacement sub-contractor will perform and be bound by the terms of each contract in every way.Meanwhile, Daweoo-Yongnam Joint Venture, the main contractor, and YNEC will release and discharge each other from the performance of other party's obligations, duties and liabilities under the sub-contracts.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6045":"建筑与工程","BK6520":"工商业服务概念","AXB.SI":"荣南控股"},"translate_title":"永南单位与Aztec Steel签订更新协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXB.SI":1},"content_text":"Yongnam Holdings (SGX:AXB) subsidiary, Yongnam Engineering and Construction (YNEC), entered into a novation agreement with Aztec Steel for the sub-contract certain earth retaining stabilizing structure works, temporary protection enclosure works, and other miscellaneous external structural steel works to certain mass rapid transit lines, according to a filing with the Singapore Exchange on Tuesday.Through the novation agreement, a replacement sub-contractor will perform and be bound by the terms of each contract in every way.Meanwhile, Daweoo-Yongnam Joint Venture, the main contractor, and YNEC will release and discharge each other from the performance of other party's obligations, duties and liabilities under the sub-contracts.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2455499924"}