Ley Choon units secure four contracts worth S$42m in total

CATALIST-listed Ley Choon Group Holdings' units have secured four contracts worth a total of S$41.98 million for underground services installation and construction works.

The contracts, which came through subsidiaries Ley Choon Constructions and Engineering and Teacly (S), are not expected to have a material impact on the company's earnings or the net tangible assets for the current financial year ending March 31, 2021.

Shares of Ley Choon closed up 16.67 per cent at S$0.014 on Monday before the announcement.