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Shares in Ley Choon surge 23.5% following news of contract wins

Felicia Tan
Felicia Tan • 2 min read
Shares in Ley Choon surge 23.5% following news of contract wins
Ley Choon had announced contract wins on Sept 15 that pushed its order book to $207 million. Photo: The Edge Singapore
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Shares in Ley Choon opened at 2.1 cents on Sept 15 after the Catalist-listed service provider for underground utilities infrastructure construction and road works announced its new contract wins.

Ley Choon, on the same day, said that it had secured new contracts for the supply, installation and replacement of underground utilities services.

The contracts, worth $67 million, pushed the group’s order book to $207 million. The contracts are slated to be delivered within 30 months.

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