Ryobi Kiso secures S$58m of contracts

GROUND engineering firm Ryobi Kiso said after Wednesday's market close that it has secured S$58 million of new contracts since its last update on September 19, 2016.

Net order book at end-September was S$175.2 million. Contracts secured are for work at the Changi Water Reclamation Plant, public housing estates, the JTC Logistics Hub and Changi Airport among others.

Chief executive officer Ong Tiong Siew said: "The Singapore market remains robust with many infrastructure projects in the pipeline."

Ryobi Kiso last traded at S$0.198, down 0.2 cent.