Ley Choon (SGX:Q0X
) announced that its subsidiary, Ley Choon Constructions and Engineering Pte Ltd had clinched contracts worth approximately $24.5 million.
The contracts, which spans across repair and maintenance of underground utilities services, are expected to be completed within 36 months.
While Ley Choon believes that the contracts will contribute positively to the group’s earnings, it is not expected to have a material impact on its earnings per share and net tangible assets for the upcoming FY2027 ending March 31.
Shares of Ley Choon closed 0.4 cents down, or 4.12% lower at 9.3 cents on June 8.
