Catalist-listed Ley Choon Group Holdings has secured new contracts worth a total of $63.4 million.
The contracts, which involve the installation and replacement of underground services and road reinstatement works, now bring the group’s total order book to $158.4 million.
The projects are slated to be completed over the next three years.
“With the easing of Covid-19 restrictions, there is pent-up demand for the upgrading works for Singapore’s complex underground utilities system. Our expertise and track record in this space have put us in an advantageous position to capture these opportunities,” says Toh Choo Huat, Ley Choon’s executive chairman and CEO.
“We are pleased to be selected by our clients and we are confident in our abilities to execute the projects smoothly. Looking ahead, the group is selectively bidding for more projects that will potentially add to our growing order book,” he adds.
As at 1.09pm, shares in Ley Choon are trading 0.1 cent higher or 6.67% up at 1.6 cents.
