Koh Brothers Eco wins new contract from customer it can't disclose yet
The company had earlier won a $77.6 million contract
Koh Brothers Eco Engineering has won a new contract from an unnamed public sector customer. However, it has yet to receive approval to disclose the contract amount, and who this client is except that this win is "expected to improve its existing order book."
Ahead of this announcement after market on Dec 17, the company had called for a trading halt before market on Dec 16.
On Nov 19, the company announced it was given a $77.6 million contract from Sport Singapore to redevelop the Toa Payoh Integrated Development site, bringing its total order book to $585.7 million.
Koh Brothers Eco Engineering shares last changed hands at 4.1 cents, up 105% year to date, valuing the company at $130.95 million.
Besides its own construction business, Koh Brothers Eco holds a stake of more than 68% in separately listed Oiltek International Hqu.
Based on Oiltek's Dec 17 closing price of $1.06, Koh Brother Eco's stake is worth $103 million.
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