Hot stock: Ley Choon rises more than 10% to three-month high on new contract wins
Yong Hui Ting
SHARES in Ley Choon Group climbed as much as 11.8 per cent to a three-month high of S$0.019 after the group announced that its units secured contracts worth a total of S$153 million for underground services installation and road infrastructure maintenance.
The last time the Catalist-listed counter traded near such highs was in November 2022.
Ley Choon eased later in the day to trade at S$0.018 as at 3.23 pm on Monday (Feb 6).
No married deals were recorded according to ShareInvestor data.
Founded as Ley Choon Constructions and Engineering in 1990, the company registered itself as an underground utilities infrastructure service provider based in Singapore, according to the Singapore Exchange’s website.
The group is primarily involved in constructing and maintaining sewer pipes, roads and airfields, as well as asphalt pre-mix production and construction waste recycling. It is one of five asphalt plant operators in Singapore.
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