Koh Brothers injects construction arm into listed subsidiary
Enlarged KB Eco will become a one-stop engineering solutions company
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Singapore
IN a move to streamline its businesses, Koh Brothers Group is injecting its construction arm Koh Brothers Building & Civil Engineering (Pte) Ltd (KBCE) into its listed subsidiary Koh Brothers Eco Engineering (KB Eco) for S$19 million.
This will allow Koh Brothers Group to focus on property development, building materials as well as leisure and hospitality businesses with plans to expand regionally, while the enlarged KB Eco will become a one-stop engineering solutions company with greater cost efficiencies from shared overheads with KBCE.
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