looks like up is the new down, page-4

Matthew Cranston



Related Quotes

WTP




WATPAC FPO (WTP)
$0.730
$0.02
(2.82%)



Volume 45493

Value 33239.0


5 Year
1 Day



as at 10:37 Australia/Sydney 12 MAR 2013

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Company Profile





Watpac Limited is an Australia-wide company that specialises in Construction, Property Development, Civil Infrastructure, Mining and Specialty Services.





http://www.watpac.com.au





Construction & Engineering (201030)





ASIC 010562562



ASX Announcements





11:16:22 AM



Trading Halt





28/02/13



Watpac finalises $93M mining services contract





27/02/13



Watpac Awarded $32m Ibis Adelaide Hotel Construction Project





27/02/13



31 December 2012 Half Year Results Presentation





26/02/13



31 December 2012 Appendix 4D and Interim Financial Report


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Analysis
Financials

Construction and property development group Watpac has entered a trading halt pending the announcement of a major construction contract win in Brisbane.

The Australian Financial Review understands that Japanese group Daisho has awarded Watpac the right to build a 32-level office tower on Ann Street, Brisbane worth more than $200 million.

Daisho, backed by Japanese billionaire Katsumi Tada, has in the past week sent several project managers to consider the 60,000 square metre development which is to be built speculatively, or without a tenant yet in place.

Daisho will be competing with Melbourne-based Grocon in the hunt for tenants in the Brisbane office market.

Watpac was unable to comment on the contract award.