The Board of Directors of Keong Hong Holdings Limited announced that Keong Hong Construction Pte. Ltd. has set up a limited partnership, Hyundai-Keong Hong JV Limited Partnership with Hyundai Engineering & Construction Co. Ltd, Singapore Branch ("Hyundai"), for the purpose of entering into a joint venture's construction project. KHC's share of the total capital commitment in the LP is 30% and it will be funded through the Group's internal resources and is not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of the Group for the current financial year ending 30 September 2020.