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Highwealth Construction Outsources Three Construction Projects to Unit

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Highwealth Construction (TPE:2542) awarded three construction contracts to its unit, Chyi Yuh Construction, according to a Tuesday Taiwan Exchange filing.

The largest contract, worth NT$40.2 billion, is for a project on Shijia Section land in Kaohsiung, Taiwan.

The company also awarded a NT$43.5 million contract for a project, and a NT$95 million contract for another project. Both projects are located in Sanmin District in Kaohsiung, Taiwan.

Highwealth said the outsourcing will increase operating income.

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