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Koyo Engineering awarded S$2.45m M&E maintenance contract

KOYO International's Koyo Engineering (S.E. Asia) has been awarded a contract of about S$2.45 million by OUB Centre Limited for the maintenance of the latter's mechanical and electrical systems at One Raffles Place.

The contract, which will commence on Jan 1, 2015 is for a period of two years, with an option to renew the contract for one year.

The contract is expected to contribute positively to the earnings of the group for the financial year ended Dec 31, 2015 and the financial year ended Dec 31, 2016.