Ten-League shares rise 15.87% premarket after completing hydraulic grab handover for Singapore’s Cross Island Line, reinforcing strategic heavy equipment industry presence.

Ten-League International Holdings surged 15.87% in premarket trading following the announcement of completing the handover of five hydraulic grabs to Bachy Soletanche Singapore for the Land Transport Authority’s Cross Island Line (CRL) project. The deal, a key infrastructure initiative in Singapore, reinforces Ten-League’s strategic presence in heavy equipment supply and strengthens its partnership with a leading geotechnical engineering firm. The CRL, the city’s eighth and longest fully underground MRT line, underscores the company’s role in critical infrastructure development, with prior collaborations on similar projects. CEO Jison Lim highlighted the milestone as a value-creator for shareholders, emphasizing long-term strategic opportunities in civil and foundation engineering sectors. The news aligns with investor optimism over the firm’s expanding market position in Singapore’s infrastructure growth.