Ley Choon units win repair and maintenance contracts worth S$36.9m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
CATALIST-LISTED Ley Choon Group Holdings, which builds underground-utilities infrastructure and road works, said on Thursday that its units have secured four contracts worth about S$36.9 million in total.
Under the contracts, its subsidiaries Pan Alliance Technology International Pte Ltd, Teacly (S) Pte Ltd and Chin Kuan Engineering and Contractors Pte Ltd have been engaged for the repair and maintenance works of underground services and underground infrastructure construction works.
The contracts are not expected to have material impact on the company's earnings or the net tangible assets for the current financial year ending March 31, 2021.
None of the directors or controlling shareholders of the company has any interest, direct or indirect, in the contracts, it said in a statement.
Shares of Ley Choon closed up 0.1 Singapore cents, or 7.69 per cent to S$0.014 on Thursday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
