Tiong Seng Holdings’ wholly-owned subsidiary has signed a memorandum of understanding (MOU) with Rock Africa to develop precast production capabilities for the supply of precast components to housing and institutional projects in Ghana.

The anchor project will see the partners collaborating on a pilot tertiary student hostel development at the University of Ghana, in Accra, comprising four residential blocks with approximately 2,280 rooms providing accommodation for up to 10,000 beds.

Tiong Seng’s subsidiary, Robin Village Development (RVD) will provide design engineering, shop drawings, yard planning, support and structured training on the prefabricated construction technologies to build a skilled local workforce for factory production and on-site installation.

Shares in Tiong Seng closed flat at 9.5 cents on Aug 28.