Koyo unit bags two contracts worth S$17.3m

KOYO International's wholly-owned subsidiary, Koyo Engineering (SE Asia), has been awarded two contracts worth about S$17.3 million - bringing Koyo's gross order book to date to S$41 million.

The contracts are for the proposed additions and alterations to mechanical, electrical, and plumbing services at the Ngee Ann Polytechnic campus; and the maintenance of mechanical and electrical systems in one school zone under the Ministry of Education (MOE).

The contracts are expected to contribute positively to the earnings of the group for the next four financial years, from the current financial year ending Dec 31, 2015.