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Koyo wins $5.2 mil HDB contract

By PC Lee

/ The Edge Singapore |

July 5, 2018 4:04 PM SGT

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A unit of Koyo International has won a $5.2 million contract from the Housing & Development Board.

Koyo Engineering (SE Asia), a wholly owned subsidiary of the company, was awarded a term mechanical & engineering maintenance contract which will start on July 1 for 36 months and lift the group’s current order book to $31.9 million which have completion dates ranging from FY18 to FY21.

Shares in Koyo closed at 6.6 cents on Wednesday.

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