Kori Holdings unit wins two contracts worth S$52.3m

KORI Holdings said on Monday that its subsidiary Kori Construction snagged two contracts in two projects, amounting to S$52.3 million between May and June this year.

One project is awarded by Samsung C&T Corporation to supply and install temporary steel works for the design and construction of a tunnel between Novena Rise and Toa Payoh Rise for the North-South Corridor.

The other is awarded by the Hwa Seng-Chye Joo-Ho Lee joint venture to supply, install, dismantle and buy back steel struts and walers for the design and construction of a tunnel between Pemimpin Place and Sin Ming Avenue, also for the North-South Corridor.

Said Hooi Yu Koh, executive chairman and chief executive officer of Kori Holdings: "We are pleased to have been awarded these contracts for the North-South Corridor. This not only affirms our long-standing proven track record established over the years, but also signifies the trust and confidence that our customers and partners have in us."

Kori was awarded six contracts between September 2020 and January 2021. With the addition of these two contracts, it has clinched a total of S$133.5 million in contracts since last September.