Penta Ocean acquires shares in Koh Brothers Eco Engineering

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SINGAPORE : Leading Japanese construction firm Penta Ocean (“PO”) has made a substantial investment in local construction firm Koh Brothers Eco Engineering (“KBE”).

PO is on the Tokyo Stock Exchange and has marine and land civil engineering experience. The company was involved in various notable local projects such as the construction of ION Orchard and the reclamation works in Jurong. On 15 March 2021, PO announced on that this acquisition would further strengthen its position in the civil engineering construction industry in Singapore.

After the acquisition, PO will hold approximately 28.8% of KBE’s outstanding shares and appoint a director to KBE. Koh Brothers Group will remain the largest shareholder of KBE with a stake of approximately 54%.

Source:
http://www.penta-ocean.co.jp/english/updates/2021/210315.html
https://www.businesstimes.com.sg/companies-markets/koh-brothers-eco-engineering-to-get-new-substantial-investor-penta-ocean

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