Ley Choon Group’s subsidiary, Ley Choon Constructions and Engineering Pte. Ltd, has secured contracts worth $35.6 million.
The contracts, which are for the laying of underground utilities services, are expected to be completed within 24 to 36 months.
They are expected to contribute positively to the group’s earnings but are not expected to materially impact its earnings per share (EPS) and net tangible assets (NTA) per share for the current financial year ending March 31, 2027.
Shares in Ley Choon closed 0.2 cents lower or 1.89% down at 10.4 cents on May 5.
