FBS Global shares rise 10.74% intraday after securing $20M construction materials supply partnership.

FBS Global surged 10.74% intraday after announcing a strategic supply chain partnership with Fastfixs Systems and Linyi Metal Products to secure construction materials at below-market pricing, targeting $20 million in procurement through 2027. The collaboration aims to strengthen upstream sourcing, improve procurement efficiency, and support execution of technically complex projects in Singapore’s commercial and public infrastructure sectors. By securing cost advantages and long-term supply coordination, the partnership enhances the company’s competitiveness in project tenders and aligns with its growth strategy to expand its project pipeline. CEO Kelvin Ang emphasized the importance of resilient, cost-efficient supply chains for disciplined project execution, reinforcing the strategic value of the agreement. The news directly supports the stock’s sharp intraday rise.