Koyo International Secures Multi-Million Dollar Contract in Singapore

Koyo International Limited has announced a significant business win, with its wholly owned subsidiary, Koyo Engineering (S.E. Asia) Pte. Ltd., securing a S\$13.3 million contract for the maintenance of fire protection, mechanical, and electrical systems. The contract spans a five-year period, reinforcing the company’s robust portfolio of projects.

This new contract bolsters Koyo International’s order book to an impressive S\$198 million. Shareholders will be keen to note that the contracts have timelines extending from financial years 2024 to 2029, indicating a stable revenue stream for the foreseeable future. Although the immediate financial impact on earnings for the fiscal year ending 31 December 2024 is not expected to be material, the long-term implications could enhance shareholder value and potentially influence share prices.

Importantly, none of the company’s directors or substantial shareholders have a direct or indirect interest in this contract, outside of their existing shareholding in the company. This transparency and disclosure are crucial for maintaining shareholder trust.

The company’s sponsor has reviewed this announcement, but it has not yet been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST). The SGX-ST has disclaimed responsibility for the accuracy of the statements or opinions expressed herein.

For further details or inquiries, shareholders and interested parties can reach out to Ms. Charmian Lim at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542, or by telephone at (65) 6232 3210.

Disclaimer: This article is intended for informational purposes only and should not be construed as investment advice. Readers should conduct their own research or consult a financial advisor before making any investment decisions.

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