Ley Choon's $43.6m new contracts guarantee project revenue through 2029

The contracts cover works for underground utilities services and road facilities.

Ley Choon Group Holdings has secured about $43.6m in new contracts through its subsidiary, Ley Choon Constructions and Engineering, the company said in a filing.

The contracts cover works for underground utilities services and road facilities. They are expected to be completed over 24 to 36 months, according to the filing.

Revenue from the projects is expected to be recognised progressively, contributing to the group’s earnings from the financial year ending 31 March 2027 until completion.

Ley Choon said none of its directors or controlling shareholders has any direct or indirect interest in the contracts, aside from their shareholdings in the company.

The new wins add to the group’s order book and provide revenue visibility over the next few years.