Ley Choon Q0X

SGD 0.067 +0.00% +0.00 Updated 13 Nov 2026, 17:16 SGT

Company profile

The business, the people and the ownership behind Ley Choon.

Business overview

About the company

Ley Choon Group Holdings Limited provides underground utility infrastructure construction and maintenance, road and airfield pavement works, and construction materials. Its services include water, gas, power and telecommunications infrastructure and sewer rehabilitation. The Singapore-headquartered group also produces asphalt premix and recycled aggregates and has a Sri Lanka operation. It transferred from Catalist back to the SGX Mainboard on 23 March 2026.

Issuer source ↗ Reviewed 2026-10-17 · Source dated 2026-07-15. PDF p. 3, 74, 142

Listed security

Company & listing

Full Company Name
LEY CHOON GROUP HOLDINGS LIMITED
Trading Currency
SGD
Website
www.leychoon.com
Listing
SGX Mainboard; transferred from Catalist on 23 March 2026 (original Mainboard listing in August 2012)
ISIN Code
SG2F02983607

Board & management

Leadership

Seven issuer Board directors; seven other executive officers and two Company Secretaries. Operating Director titles do not add issuer Board seats. Current CFO/Deputy CEO Ragavendran Srinivasan and CEO Toh Choo Huat each appear once with composite roles. Separately dated 2024 appointments/cessations and 2026 re-elections retained.

Five full financial years ended 31 March 2022–2026 are covered, not December years. Monetary columns are Singapore dollars thousands and EPS is Singapore cents. Group consolidated profit/OCI, equity and cashflows and Group/Company financial position are supplied; separate Company profit, OCI, equity or cashflow primary statements are not disclosed and are not invented.

Foo Kon Tan LLP issued an unmodified true-and-fair opinion on the FY2026 statements. Cheong Wenjie is the engagement partner and the report is signed 10 July 2026. Revenue recognition over time is the key audit matter; the KAM does not modify the opinion.

Group share capital97,889 and Company share capital164,108 in SGDthousands are distinct original amounts. Note13 explains the difference by the 25 July 2012 reverse acquisition of the LCCE Group; no unexplained balancing capital adjustment is created. Current issued ordinary shares are1,505,767,572.

FY2025 original Group balance lists trade/other payables18,902 plus provisions4, while the FY2026 comparative combines18,906. Original FY2025 Group balance is retained beside the later comparative; total current liabilities and equity are unchanged. Company amounts retain their own scope.

FY2023 original Group balance combines trade/other payables25,262. The FY2024 comparative separately presents25,241 payables and21 provisions, with current liabilities48,087 unchanged. Original FY2023 Group balance is retained and the21 is not treated as a new liability.

FY2023 original cashflow shows provision movements dash and payable movements3,689; the FY2024 comparative shows(15) provisions and3,704 payables. Original financing repayments of leases(3,648) and bank loans(8,078) become(3,649)/(8,077). The15 and1 reclassifications leave OCF14,200 and financing(13,293) unchanged. Original FY2023 cashflow is retained.

Equity column sets follow the originals: FY2022 includes disposal-group and convertible-bond reserves, FY2023 omits the zero disposal reserve, and FY2024–FY2026 show owners equity and NCI subtotals. Omitted original reserves compare as zero where expressly printed; components and subtotals are not added twice. FY2022 convertible-bond conversion and issuance costs remain original movements.

Cash and bank deposits10,820 less fixed deposits with maturity over three months420 equals cashflow cash10,400. Prior15,149 less20 equals15,129, in SGDthousands. Note12 explicitly reconciles both periods; no extra cash item is invented.

Current basic/diluted EPS0.664 Singapore cents uses owners profit9,997 SGDthousand, not total profit10,000 including NCI3. The issued-share denominator1,505,767,572 produces0.664 after rounding; historical continuing/discontinued EPS detail is preserved where disclosed.

The register is dated24June2026:1,505,767,572 shares,2,981 holders, no treasury or subsidiary holdings, twenty registered accounts and seven substantial-holder rows. Top20 share counts sum exactly to1,298,883,441. Printed86.27% equals the sum of rounded row percentages, while total shares divided by the exact denominator rounds86.26%; both source percentage and the derived discrepancy are retained.

Zheng Choon directly holds902,272,580 shares. Toh family interests27.2/23.7/25.4/23.7% in that holding company create overlapping deemed issuer holdings, not four extra parcels. Toh Choo Huat794,000 and Toh Swee Kim220,000 direct shares remain separate. Hiap Hoe Investment176,536,000 held via nominees overlaps its100%-parent Hiap Hoe Limited deemed row. Public floatapproximately27% is the issuer statement.

Seven current issuer Board directors include CEO/Executive Chairman Toh Choo Huat, CFO/Deputy CEO/Executive Director Ragavendran Srinivasan and Reanne Toh Ting Xuan. William Tan is current Lead Independent Director and historical issuer CFO; the former CFO role does not replace Ragavendran. Reanne biography says Tender & Contracts while corporate information additionally says Sales, both original wordings retained.

Seven other executive officers include advisors Toh Chew Leong, Toh Swee Kim and Toh Chew Chai; COO Zhang Wei Qiang; Dr Ou Zhiyong; Toh Kai Sheng Adam; and Toh Kai Hock. Operating Director titles are not extra issuer Board seats. Ong Beng Hong and Tan Swee Gek are the two Company Secretaries.

The Board reconstitution notice is dated23August2024 but takes effect2September2024. Ling Chung Yee Roy and Chia Soon Hin William ceased as independent directors; four new directors were appointed. Srinivasan Ragavendran in this notice and Ragavendran Srinivasan in the current annual refer to the CFO/Deputy CEO executive director; no duplicate person is created.

30July2026 AGM re-elected Toh Choo Huat, Ragavendran Srinivasan and Chua Hock Thak and re-appointed Foo Kon Tan LLP. Re-elections are not new appointments. Toh voluntarily abstained on his own re-election for794,000 direct shares; the source does not say all deemed shares were abstained.

Note5 year-end schedule contains eight subsidiaries, including dormant Malaysia entity. Ley Choon Gim Tian Joint Venture LLP51% is an explicitly controlled and consolidated subsidiary because LCCE has51votes and partner Gim Tian49; the name Joint Venture does not make it an equity-accounted venture. Teacly Sri Lanka operation is a branch, not another subsidiary.

Ley Choon TTC (Aust) Tunnelling International is a post-year-end arrangement dated8June2026 through wholly-owned LCCE with The Tunnel Company (Aust) Pty Ltd. Share capital1,000 ordinary shares of S$1 and LCCE51% are expressly disclosed. It appears in the annual group chart and AGM discussion, separately from the eight entities at31March2026; year-end audited control classification is not inferred solely from51%.

Yantai ceased to be a subsidiary after the60% disposal completed21May2021, leaving a40% associate. Remaining40% disposal completed29December2022 and was announced30December2022 with proceeds received in full; it is no longer a current entity. RMB16million consideration for40% differs from RMB24million for60%; RMB is not SGD.

Transfer from Catalist back to Mainboard took effect23March2026, with trading9a.m.;18March2026 is the announcement and EGM date. RHT Capital continuing sponsorship ceased on the effective transfer. The2017 Catalist listing and2026 proposal/approval are historical stages, not current board status.

Debt Restructuring Agreement final bullet repayment was completed by14March2024; no outstanding2021DRA borrowings remained and security release was to follow. This does not mean all future liabilities, lease obligations or later bank bills are zero. Current annual separately reports lease liabilities12,107 and borrowings dash.

FY2023 unaudited-to-audited notice changes taxation243 to(237), total profit9,719 to9,239 and deferred tax assets917 to437, reducing these by480 SGDthousand. Separately, Company subsidiary investment61,166 becomes160,100 and equity63,033 becomes161,967 by98,934 impairment reversal; this is not Group revenue. The letter reports no material cashflow difference. These preliminary adjustments do not replace the already audited series.

FY2022 unaudited-to-audited notice changes tax(4) to696 and total profit4,058 to4,758, an increase700 SGDthousand; deferred tax asset recognition677 plus deferred tax liability release23 supplies the bridge. Cashflow changes reclassify remaining disposal proceeds into investing and working-capital items without changing net cash movement. The original audited FY2022 remains the comparison source.

FY2024 first/replacement full-year result attachments and2026 first/replacement Mainboard circulars are exact byte-identical pairs in distinct SGX announcements. They are not separate financial revisions. All29 original attachment bindings are retained, representing27 unique PDFs and1,199 unique pages; attachment-page sum is1,271 because duplicated PDFs remain separately bound.

Other investments are quoted equity investments at FVTPL21/20 SGDthousand in FY2026/FY2025. No individual investee is named in Note11, so no invented named subsidiary, associate or major shareholding is created from this aggregate.

Contract assets54,458 versus27,954 SGDthousand reflect recognised unbilled work, not collected cash. AGM explanation distinguishes recognition, certification, billing and collection; subsequent billing does not recognise the same revenue again. The audited cashflow preserves the26,504 increase in contract assets.

The original Group chart additionally labels two 51% joint venture partnerships: Ley Choon Constructions and Engineering Gim Tian Civil Engineering Joint Venture Partnership, and Ley Choon Constructions and Engineering ECO2 Builder Joint Venture Partnership. These outlined-text labels are bound through actual original PDF crop OCR and displayed images. They are distinct from LCGTLLP; the chart does not establish their accounting classification or a specific year-end date.

Toh Choo Huat

Executive Chairman and Chief Executive Officer

Founder; overall strategy, business development and general management.

Ragavendran Srinivasan

Executive Director, Chief Financial Officer and Deputy Chief Executive Officer

R. Srinivasan in biography; Srinivasan Ragavendran in 2024 announcement. CFO since January 2021, Deputy CEO since April 2024, Board from 2 September 2024. Composite roles identify one person.

Reanne Toh Ting Xuan

Executive Director, Head (Tender, Contracts & Sales)

Toh Ting Xuan Reanne in biography; Executive Director since 2 September 2024. Biography heading says Tender & Contracts while annual corporate information includes Sales; source wording retained.

William Tan Kwang Hwee

Lead Independent Director

Appointed 2 September 2024. Audit Chairman and Remuneration/Nominating member. Former CFO role is historical, not current issuer CFO.

Buhdy Bok Sin Swee

Independent Director

Appointed 2 September 2024. Remuneration Chairman and Audit/Nominating member.

Chua Hock Thak

Independent Director

Appointed 29 March 2018. Nominating Chairman and Audit/Remuneration member.

Teo Ho Beng

Non-Executive Director

Appointed 28 September 2015. Audit, Remuneration and Nominating member; not described as independent.

Toh Chew Leong

Advisor

Founder; underground utilities, overseas and day-to-day operations. Annual executive officer, not an issuer Board director.

Toh Swee Kim

Advisor

Underground utilities construction and maintenance, resources and manpower; joined in 1990. Annual executive officer, not issuer Board.

Toh Chew Chai

Advisor

Underground utilities and resource deployment; joined at establishment. Annual executive officer, not issuer Board.

Zhang Wei Qiang

Chief Operating Officer

Joined as Project Manager in 2019; Sri Lanka General Manager from April 2022. Annual COO role is distinct from CFO/Deputy CEO.

Dr Ou Zhiyong

Head (Project Management Office, Big Pipe & Road Works)

Joined in 2020. Biography says appointed a Director since 2024, an operating role; absent from seven issuer Board members. No issuer Board seat inferred.

Toh Kai Sheng Adam

Director, Operations & HR

Joined in 2009; Group HR, administration and operations support. Operating director, not issuer Board.

Toh Kai Hock

IT Director & Head of Fleet Department

Joined as IT Manager in 2011; technology and fleet management. Operating director, not issuer Board.

Ong Beng Hong

Company Secretary

One of two annual Company Secretaries.

Tan Swee Gek

Company Secretary

One of two annual Company Secretaries.

2 September 2024 Board reconstitution

Srinivasan Ragavendran and Reanne Toh Ting Xuan appointed Executive Directors; William Tan Kwang Hwee and Buhdy Bok Sin Swee appointed Independent Directors

Announcement dated 23 August 2024 takes effect 2 September 2024. Ling Chung Yee Roy and Chia Soon Hin William ceased Independent Director roles on that date; these are historical, not current directors. As reported at 2024-09-02

30 July 2026 AGM re-elections

Toh Choo Huat, Ragavendran Srinivasan and Chua Hock Thak re-elected; Foo Kon Tan LLP re-appointed

All resolutions passed. Re-election is distinct from a new appointment; Chua remains Independent/Nominating Chairman. Toh voluntarily abstained on his own re-election for 794,000 directly held shares. As reported at 2026-07-30

Roles listed in Annual Report 2026; current appointments are not independently verified.

Holdings

Ownership

Twenty registered accounts, seven substantial-holder rows and nine register contexts. Source date 24 June 2026. Zheng Choon family and Hiap Hoe deemed interests overlap direct holdings; registered nominees do not establish unknown beneficial owners.

Five full financial years ended 31 March 2022–2026 are covered, not December years. Monetary columns are Singapore dollars thousands and EPS is Singapore cents. Group consolidated profit/OCI, equity and cashflows and Group/Company financial position are supplied; separate Company profit, OCI, equity or cashflow primary statements are not disclosed and are not invented.

Foo Kon Tan LLP issued an unmodified true-and-fair opinion on the FY2026 statements. Cheong Wenjie is the engagement partner and the report is signed 10 July 2026. Revenue recognition over time is the key audit matter; the KAM does not modify the opinion.

Group share capital97,889 and Company share capital164,108 in SGDthousands are distinct original amounts. Note13 explains the difference by the 25 July 2012 reverse acquisition of the LCCE Group; no unexplained balancing capital adjustment is created. Current issued ordinary shares are1,505,767,572.

FY2025 original Group balance lists trade/other payables18,902 plus provisions4, while the FY2026 comparative combines18,906. Original FY2025 Group balance is retained beside the later comparative; total current liabilities and equity are unchanged. Company amounts retain their own scope.

FY2023 original Group balance combines trade/other payables25,262. The FY2024 comparative separately presents25,241 payables and21 provisions, with current liabilities48,087 unchanged. Original FY2023 Group balance is retained and the21 is not treated as a new liability.

FY2023 original cashflow shows provision movements dash and payable movements3,689; the FY2024 comparative shows(15) provisions and3,704 payables. Original financing repayments of leases(3,648) and bank loans(8,078) become(3,649)/(8,077). The15 and1 reclassifications leave OCF14,200 and financing(13,293) unchanged. Original FY2023 cashflow is retained.

Equity column sets follow the originals: FY2022 includes disposal-group and convertible-bond reserves, FY2023 omits the zero disposal reserve, and FY2024–FY2026 show owners equity and NCI subtotals. Omitted original reserves compare as zero where expressly printed; components and subtotals are not added twice. FY2022 convertible-bond conversion and issuance costs remain original movements.

Cash and bank deposits10,820 less fixed deposits with maturity over three months420 equals cashflow cash10,400. Prior15,149 less20 equals15,129, in SGDthousands. Note12 explicitly reconciles both periods; no extra cash item is invented.

Current basic/diluted EPS0.664 Singapore cents uses owners profit9,997 SGDthousand, not total profit10,000 including NCI3. The issued-share denominator1,505,767,572 produces0.664 after rounding; historical continuing/discontinued EPS detail is preserved where disclosed.

The register is dated24June2026:1,505,767,572 shares,2,981 holders, no treasury or subsidiary holdings, twenty registered accounts and seven substantial-holder rows. Top20 share counts sum exactly to1,298,883,441. Printed86.27% equals the sum of rounded row percentages, while total shares divided by the exact denominator rounds86.26%; both source percentage and the derived discrepancy are retained.

Zheng Choon directly holds902,272,580 shares. Toh family interests27.2/23.7/25.4/23.7% in that holding company create overlapping deemed issuer holdings, not four extra parcels. Toh Choo Huat794,000 and Toh Swee Kim220,000 direct shares remain separate. Hiap Hoe Investment176,536,000 held via nominees overlaps its100%-parent Hiap Hoe Limited deemed row. Public floatapproximately27% is the issuer statement.

Seven current issuer Board directors include CEO/Executive Chairman Toh Choo Huat, CFO/Deputy CEO/Executive Director Ragavendran Srinivasan and Reanne Toh Ting Xuan. William Tan is current Lead Independent Director and historical issuer CFO; the former CFO role does not replace Ragavendran. Reanne biography says Tender & Contracts while corporate information additionally says Sales, both original wordings retained.

Seven other executive officers include advisors Toh Chew Leong, Toh Swee Kim and Toh Chew Chai; COO Zhang Wei Qiang; Dr Ou Zhiyong; Toh Kai Sheng Adam; and Toh Kai Hock. Operating Director titles are not extra issuer Board seats. Ong Beng Hong and Tan Swee Gek are the two Company Secretaries.

The Board reconstitution notice is dated23August2024 but takes effect2September2024. Ling Chung Yee Roy and Chia Soon Hin William ceased as independent directors; four new directors were appointed. Srinivasan Ragavendran in this notice and Ragavendran Srinivasan in the current annual refer to the CFO/Deputy CEO executive director; no duplicate person is created.

30July2026 AGM re-elected Toh Choo Huat, Ragavendran Srinivasan and Chua Hock Thak and re-appointed Foo Kon Tan LLP. Re-elections are not new appointments. Toh voluntarily abstained on his own re-election for794,000 direct shares; the source does not say all deemed shares were abstained.

Note5 year-end schedule contains eight subsidiaries, including dormant Malaysia entity. Ley Choon Gim Tian Joint Venture LLP51% is an explicitly controlled and consolidated subsidiary because LCCE has51votes and partner Gim Tian49; the name Joint Venture does not make it an equity-accounted venture. Teacly Sri Lanka operation is a branch, not another subsidiary.

Ley Choon TTC (Aust) Tunnelling International is a post-year-end arrangement dated8June2026 through wholly-owned LCCE with The Tunnel Company (Aust) Pty Ltd. Share capital1,000 ordinary shares of S$1 and LCCE51% are expressly disclosed. It appears in the annual group chart and AGM discussion, separately from the eight entities at31March2026; year-end audited control classification is not inferred solely from51%.

Yantai ceased to be a subsidiary after the60% disposal completed21May2021, leaving a40% associate. Remaining40% disposal completed29December2022 and was announced30December2022 with proceeds received in full; it is no longer a current entity. RMB16million consideration for40% differs from RMB24million for60%; RMB is not SGD.

Transfer from Catalist back to Mainboard took effect23March2026, with trading9a.m.;18March2026 is the announcement and EGM date. RHT Capital continuing sponsorship ceased on the effective transfer. The2017 Catalist listing and2026 proposal/approval are historical stages, not current board status.

Debt Restructuring Agreement final bullet repayment was completed by14March2024; no outstanding2021DRA borrowings remained and security release was to follow. This does not mean all future liabilities, lease obligations or later bank bills are zero. Current annual separately reports lease liabilities12,107 and borrowings dash.

FY2023 unaudited-to-audited notice changes taxation243 to(237), total profit9,719 to9,239 and deferred tax assets917 to437, reducing these by480 SGDthousand. Separately, Company subsidiary investment61,166 becomes160,100 and equity63,033 becomes161,967 by98,934 impairment reversal; this is not Group revenue. The letter reports no material cashflow difference. These preliminary adjustments do not replace the already audited series.

FY2022 unaudited-to-audited notice changes tax(4) to696 and total profit4,058 to4,758, an increase700 SGDthousand; deferred tax asset recognition677 plus deferred tax liability release23 supplies the bridge. Cashflow changes reclassify remaining disposal proceeds into investing and working-capital items without changing net cash movement. The original audited FY2022 remains the comparison source.

FY2024 first/replacement full-year result attachments and2026 first/replacement Mainboard circulars are exact byte-identical pairs in distinct SGX announcements. They are not separate financial revisions. All29 original attachment bindings are retained, representing27 unique PDFs and1,199 unique pages; attachment-page sum is1,271 because duplicated PDFs remain separately bound.

Other investments are quoted equity investments at FVTPL21/20 SGDthousand in FY2026/FY2025. No individual investee is named in Note11, so no invented named subsidiary, associate or major shareholding is created from this aggregate.

Contract assets54,458 versus27,954 SGDthousand reflect recognised unbilled work, not collected cash. AGM explanation distinguishes recognition, certification, billing and collection; subsequent billing does not recognise the same revenue again. The audited cashflow preserves the26,504 increase in contract assets.

The original Group chart additionally labels two 51% joint venture partnerships: Ley Choon Constructions and Engineering Gim Tian Civil Engineering Joint Venture Partnership, and Ley Choon Constructions and Engineering ECO2 Builder Joint Venture Partnership. These outlined-text labels are bound through actual original PDF crop OCR and displayed images. They are distinct from LCGTLLP; the chart does not establish their accounting classification or a specific year-end date.

Zheng Choon Holding Pte. Ltd.

Direct 902,272,580 shares; 59.92%; deemed – shares; –

Register 24 June 2026; exact direct/deemed columns, no additive double count.

Toh Choo Huat

59.92%Total interest

Direct 794,000 shares0.05%deemed 902,272,580 shares
Register 24 June 2026; exact direct/deemed columns, no additive double count.

Toh Swee Kim

59.92%Total interest

Direct 220,000 shares0.01%deemed 902,272,580 shares
Register 24 June 2026; exact direct/deemed columns, no additive double count.

Toh Chew Leong

59.92%Total interest

Direct – shares–deemed 902,272,580 shares
Register 24 June 2026; exact direct/deemed columns, no additive double count.

Toh Chew Chai

59.92%Total interest

Direct – shares–deemed 902,272,580 shares
Register 24 June 2026; exact direct/deemed columns, no additive double count.

Hiap Hoe Investment Pte. Ltd.

Direct 176,536,000 shares; 11.72%; deemed – shares; –

Register 24 June 2026; exact direct/deemed columns, no additive double count.

Hiap Hoe Limited

11.72%Total interest

Direct – shares–deemed 176,536,000 shares
Register 24 June 2026; exact direct/deemed columns, no additive double count.

Issued ordinary shares

1,505,767,572 shares

One vote per ordinary share; not the EPS weighted denominator.

Treasury shares and subsidiary holdings

No treasury shares; no subsidiary holdings

Express register statement.

Registered shareholders

2,981 holders

Five distribution bands total the stated number.

Distribution of shares

569 / 658,032 / 2,777,946 / 128,530,206 / 1,373,800,819 shares

50 / 1,288 / 677 / 910 / 56 holders respectively; total 1,505,767,572 shares.

Twenty largest registered accounts

86.27%Total interest

1,298,883,441 shares
All twenty names and printed aggregate retained. Printed 86.27% equals the sum of rounded row percentages; the exact aggregate share count divided by issued shares rounds to 86.26%. Source total percentage is not silently changed.

Public float

Approximately 27%

Issuer stated public shareholding, not calculated nominee ownership.

Zheng Choon family deemed interests

27.2% / 23.7% / 25.4% / 23.7%

Toh Choo Huat, Toh Swee Kim, Toh Chew Leong and Toh Chew Chai respectively own Zheng Choon. Each deemed issuer interest is the same 902,272,580 shares and overlaps Zheng Choon direct holding; family percentages are not extra issuer shares.

Hiap Hoe ownership chain

11.72%Total interest

176,536,000 shares
Hiap Hoe Investment holds through nominees and is 100% owned by Hiap Hoe Limited. Direct/deemed rows overlap; no allocation to a particular registered nominee is inferred.

Direct interests of Toh Choo Huat and Toh Swee Kim

0.01%Total interest

794,000 shares0.05% / 220,000 shares
Separate direct interests coexist with overlapping 902,272,580 deemed holdings.

Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.

Registered & depository holders 20 holders

Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-06-24 · PDF p. 201

Registered holderInterestShares / unitsSource
ZHENG CHOON HOLDING PTE. LTD.902,272,580 shares; 59.92%PDF p. 2012026-06-24
RAFFLES NOMINEES (PTE.) LIMITED201,723,600 shares; 13.40%PDF p. 2012026-06-24
DBS NOMINEES (PRIVATE) LTD42,011,101 shares; 2.79%PDF p. 2012026-06-24
CITIBANK NOMINEES SINGAPORE PTE LTD22,078,200 shares; 1.47%PDF p. 2012026-06-24
WEE KIAN TIONG19,546,600 shares; 1.30%PDF p. 2012026-06-24
PEH HOCK SIONG16,000,000 shares; 1.06%PDF p. 2012026-06-24
PHILLIP SECURITIES PTE LTD10,885,903 shares; 0.72%PDF p. 2012026-06-24
BUHDY BOK SIN SWEE10,060,000 shares; 0.67%PDF p. 2012026-06-24
IFAST FINANCIAL PTE. LTD.9,944,530 shares; 0.66%PDF p. 2012026-06-24
MOOMOO FINANCIAL SINGAPORE PTE. LTD.7,544,100 shares; 0.50%PDF p. 2012026-06-24
PEH KOK WAH @ PEH WAH CHYE7,100,000 shares; 0.47%PDF p. 2012026-06-24
LEW WING KIT6,608,400 shares; 0.44%PDF p. 2012026-06-24
LYE MENG LEONG6,400,000 shares; 0.43%PDF p. 2012026-06-24
TAN TECK WEI6,391,935 shares; 0.42%PDF p. 2012026-06-24
MAHBOB BIN ABDULLAH6,000,000 shares; 0.40%PDF p. 2012026-06-24
NG TIAN SOO5,577,900 shares; 0.37%PDF p. 2012026-06-24
MAYBANK SECURITIES PTE. LTD.5,113,800 shares; 0.34%PDF p. 2012026-06-24
OCBC SECURITIES PRIVATE LIMITED4,745,442 shares; 0.32%PDF p. 2012026-06-24
OCBC NOMINEES SINGAPORE PRIVATE LIMITED4,449,350 shares; 0.30%PDF p. 2012026-06-24
CHENG HENG SENG4,430,000 shares; 0.29%PDF p. 2012026-06-24

Group structure

Subsidiaries, joint ventures and associates and other group entities

Eight current Note 5 year-end subsidiaries. LCGTLLP 51% is consolidated under explicit control assessment. TTC 51% is a separately dated June 2026 post-year-end partnership, not silently inserted into March schedule. Sri Lanka is a Teacly branch, not an extra subsidiary. Yantai is a fully disposed former subsidiary/associate, not current. Two additional 51% joint venture partnerships are original group-chart labels, separately retained without inferring their accounting classification.

Five full financial years ended 31 March 2022–2026 are covered, not December years. Monetary columns are Singapore dollars thousands and EPS is Singapore cents. Group consolidated profit/OCI, equity and cashflows and Group/Company financial position are supplied; separate Company profit, OCI, equity or cashflow primary statements are not disclosed and are not invented.

Foo Kon Tan LLP issued an unmodified true-and-fair opinion on the FY2026 statements. Cheong Wenjie is the engagement partner and the report is signed 10 July 2026. Revenue recognition over time is the key audit matter; the KAM does not modify the opinion.

Group share capital97,889 and Company share capital164,108 in SGDthousands are distinct original amounts. Note13 explains the difference by the 25 July 2012 reverse acquisition of the LCCE Group; no unexplained balancing capital adjustment is created. Current issued ordinary shares are1,505,767,572.

FY2025 original Group balance lists trade/other payables18,902 plus provisions4, while the FY2026 comparative combines18,906. Original FY2025 Group balance is retained beside the later comparative; total current liabilities and equity are unchanged. Company amounts retain their own scope.

FY2023 original Group balance combines trade/other payables25,262. The FY2024 comparative separately presents25,241 payables and21 provisions, with current liabilities48,087 unchanged. Original FY2023 Group balance is retained and the21 is not treated as a new liability.

FY2023 original cashflow shows provision movements dash and payable movements3,689; the FY2024 comparative shows(15) provisions and3,704 payables. Original financing repayments of leases(3,648) and bank loans(8,078) become(3,649)/(8,077). The15 and1 reclassifications leave OCF14,200 and financing(13,293) unchanged. Original FY2023 cashflow is retained.

Equity column sets follow the originals: FY2022 includes disposal-group and convertible-bond reserves, FY2023 omits the zero disposal reserve, and FY2024–FY2026 show owners equity and NCI subtotals. Omitted original reserves compare as zero where expressly printed; components and subtotals are not added twice. FY2022 convertible-bond conversion and issuance costs remain original movements.

Cash and bank deposits10,820 less fixed deposits with maturity over three months420 equals cashflow cash10,400. Prior15,149 less20 equals15,129, in SGDthousands. Note12 explicitly reconciles both periods; no extra cash item is invented.

Current basic/diluted EPS0.664 Singapore cents uses owners profit9,997 SGDthousand, not total profit10,000 including NCI3. The issued-share denominator1,505,767,572 produces0.664 after rounding; historical continuing/discontinued EPS detail is preserved where disclosed.

The register is dated24June2026:1,505,767,572 shares,2,981 holders, no treasury or subsidiary holdings, twenty registered accounts and seven substantial-holder rows. Top20 share counts sum exactly to1,298,883,441. Printed86.27% equals the sum of rounded row percentages, while total shares divided by the exact denominator rounds86.26%; both source percentage and the derived discrepancy are retained.

Zheng Choon directly holds902,272,580 shares. Toh family interests27.2/23.7/25.4/23.7% in that holding company create overlapping deemed issuer holdings, not four extra parcels. Toh Choo Huat794,000 and Toh Swee Kim220,000 direct shares remain separate. Hiap Hoe Investment176,536,000 held via nominees overlaps its100%-parent Hiap Hoe Limited deemed row. Public floatapproximately27% is the issuer statement.

Seven current issuer Board directors include CEO/Executive Chairman Toh Choo Huat, CFO/Deputy CEO/Executive Director Ragavendran Srinivasan and Reanne Toh Ting Xuan. William Tan is current Lead Independent Director and historical issuer CFO; the former CFO role does not replace Ragavendran. Reanne biography says Tender & Contracts while corporate information additionally says Sales, both original wordings retained.

Seven other executive officers include advisors Toh Chew Leong, Toh Swee Kim and Toh Chew Chai; COO Zhang Wei Qiang; Dr Ou Zhiyong; Toh Kai Sheng Adam; and Toh Kai Hock. Operating Director titles are not extra issuer Board seats. Ong Beng Hong and Tan Swee Gek are the two Company Secretaries.

The Board reconstitution notice is dated23August2024 but takes effect2September2024. Ling Chung Yee Roy and Chia Soon Hin William ceased as independent directors; four new directors were appointed. Srinivasan Ragavendran in this notice and Ragavendran Srinivasan in the current annual refer to the CFO/Deputy CEO executive director; no duplicate person is created.

30July2026 AGM re-elected Toh Choo Huat, Ragavendran Srinivasan and Chua Hock Thak and re-appointed Foo Kon Tan LLP. Re-elections are not new appointments. Toh voluntarily abstained on his own re-election for794,000 direct shares; the source does not say all deemed shares were abstained.

Note5 year-end schedule contains eight subsidiaries, including dormant Malaysia entity. Ley Choon Gim Tian Joint Venture LLP51% is an explicitly controlled and consolidated subsidiary because LCCE has51votes and partner Gim Tian49; the name Joint Venture does not make it an equity-accounted venture. Teacly Sri Lanka operation is a branch, not another subsidiary.

Ley Choon TTC (Aust) Tunnelling International is a post-year-end arrangement dated8June2026 through wholly-owned LCCE with The Tunnel Company (Aust) Pty Ltd. Share capital1,000 ordinary shares of S$1 and LCCE51% are expressly disclosed. It appears in the annual group chart and AGM discussion, separately from the eight entities at31March2026; year-end audited control classification is not inferred solely from51%.

Yantai ceased to be a subsidiary after the60% disposal completed21May2021, leaving a40% associate. Remaining40% disposal completed29December2022 and was announced30December2022 with proceeds received in full; it is no longer a current entity. RMB16million consideration for40% differs from RMB24million for60%; RMB is not SGD.

Transfer from Catalist back to Mainboard took effect23March2026, with trading9a.m.;18March2026 is the announcement and EGM date. RHT Capital continuing sponsorship ceased on the effective transfer. The2017 Catalist listing and2026 proposal/approval are historical stages, not current board status.

Debt Restructuring Agreement final bullet repayment was completed by14March2024; no outstanding2021DRA borrowings remained and security release was to follow. This does not mean all future liabilities, lease obligations or later bank bills are zero. Current annual separately reports lease liabilities12,107 and borrowings dash.

FY2023 unaudited-to-audited notice changes taxation243 to(237), total profit9,719 to9,239 and deferred tax assets917 to437, reducing these by480 SGDthousand. Separately, Company subsidiary investment61,166 becomes160,100 and equity63,033 becomes161,967 by98,934 impairment reversal; this is not Group revenue. The letter reports no material cashflow difference. These preliminary adjustments do not replace the already audited series.

FY2022 unaudited-to-audited notice changes tax(4) to696 and total profit4,058 to4,758, an increase700 SGDthousand; deferred tax asset recognition677 plus deferred tax liability release23 supplies the bridge. Cashflow changes reclassify remaining disposal proceeds into investing and working-capital items without changing net cash movement. The original audited FY2022 remains the comparison source.

FY2024 first/replacement full-year result attachments and2026 first/replacement Mainboard circulars are exact byte-identical pairs in distinct SGX announcements. They are not separate financial revisions. All29 original attachment bindings are retained, representing27 unique PDFs and1,199 unique pages; attachment-page sum is1,271 because duplicated PDFs remain separately bound.

Other investments are quoted equity investments at FVTPL21/20 SGDthousand in FY2026/FY2025. No individual investee is named in Note11, so no invented named subsidiary, associate or major shareholding is created from this aggregate.

Contract assets54,458 versus27,954 SGDthousand reflect recognised unbilled work, not collected cash. AGM explanation distinguishes recognition, certification, billing and collection; subsequent billing does not recognise the same revenue again. The audited cashflow preserves the26,504 increase in contract assets.

The original Group chart additionally labels two 51% joint venture partnerships: Ley Choon Constructions and Engineering Gim Tian Civil Engineering Joint Venture Partnership, and Ley Choon Constructions and Engineering ECO2 Builder Joint Venture Partnership. These outlined-text labels are bound through actual original PDF crop OCR and displayed images. They are distinct from LCGTLLP; the chart does not establish their accounting classification or a specific year-end date.

CompanyMarketOwnership interest
Ley Choon Constructions and Engineering Pte LtdNote 5 year-end 2026/2025 ownership; held by Company directly.PDF p. 1682026-03-31 Singapore; ownership 2026/2025 100/100%; Non-building construction and manufacture of asphalt premix
LC International Trading Co Pte. Ltd.Note 5 year-end 2026/2025 ownership; held by Company directly.PDF p. 1682026-03-31 Singapore; ownership 2026/2025 100/100%; Trading of building materials, consumable tools, machinery and equipment spare parts and accessories
Ley Choon (M) Sdn. Bhd.Note 5 year-end 2026/2025 ownership; held by Company directly. Dormant Malaysia subsidiary.PDF p. 1682026-03-31 Malaysia; ownership 2026/2025 100/100%; Dormant
Multiform Developments & Construction Pte LtdNote 5 year-end 2026/2025 ownership; held by Ley Choon Constructions and Engineering Pte Ltd.PDF p. 1682026-03-31 Singapore; ownership 2026/2025 100/100%; Road construction and mixed construction activities
Chin Kuan Engineering and Contractors Pte LtdNote 5 year-end 2026/2025 ownership; held by Ley Choon Constructions and Engineering Pte Ltd.PDF p. 1682026-03-31 Singapore; ownership 2026/2025 100/100%; Mixed construction activities and civil engineering
Teacly (S) Pte. Ltd.Note 5 year-end 2026/2025 ownership; held by Ley Choon Constructions and Engineering Pte Ltd.PDF p. 1682026-03-31 Singapore; ownership 2026/2025 100/100%; Non-building construction, building cleaning and maintenance services
Ley Choon Gim Tian Joint Venture LLPNote 5 year-end 2026/2025 ownership; held by Ley Choon Constructions and Engineering Pte Ltd. Controlled subsidiary: 51 majority votes versus partner Gim Tian 49; audited control conclusion, not equity-accounted JV despite name.PDF p. 1682026-03-31 Singapore; ownership 2026/2025 51/51%; Tendering of road construction contracts
Pan Alliance Technology International Pte. Ltd.Note 5 year-end 2026/2025 ownership; held by Teacly (S) Pte. Ltd..PDF p. 1682026-03-31 Singapore; ownership 2026/2025 100/100%; Water and gas pipe-line and sewer construction
Ley Choon (Yantai) Eco-Green Construction Materials Ltd.60% disposal completed 21 May 2021, leaving 40% associate. Remaining 40% disposal announced 30 December 2022, proceeds fully received and no remaining registered capital. RMB 16,000,000 is the 40% consideration; not SGD and not current subsidiary.PDF p. 12022-12-29 Former subsidiary and then 40% associate; remaining 40% disposal completed 29 December 2022
Ley Choon TTC (Aust) Tunnelling International Pte. Ltd.Post-year-end joint venture agreement with The Tunnel Company (Aust) Pty Ltd on 8 June 2026. Not part of the eight Note 5 entities at 31 March 2026. Annual group chart includes it and AGM discusses tunnelling partnership; subsequent agreement wording does not establish a separately audited year-end control classification.PDF p. 2002026-06-08 LCCE holds 51%; 1,000 ordinary shares of S$1 each
Ley Choon Constructions And Engineering Gim Tian Civil Engineering Joint Venture PartnershipDistinct original graph label, separate from the incorporated LCGTLLP subsidiary. Chart alone does not supply legal incorporation status or audited accounting classification. The chart includes post-year-end TTC, so no March year-end date is inferred for this undated graph arrangement.PDF p. 9 51%; joint venture partnership shown in the Group structure chart
Ley Choon Constructions And Engineering Eco2 Builder Joint Venture PartnershipDistinct original graph label, separate from the incorporated LCGTLLP subsidiary. Chart alone does not supply legal incorporation status or audited accounting classification. The chart includes post-year-end TTC, so no March year-end date is inferred for this undated graph arrangement.PDF p. 9 51%; joint venture partnership shown in the Group structure chart

Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.

Senior executives

Key management

Key management

ItemValuePeriod / scopeSource
ZHANG WEI QIANG CHIEF OPERATING OFFICER Executive Officers PDF p. 12
Toh Chew Leong Advisor Executive Officers PDF p. 12
TOH KAI SHENG ADAM DIRECTOR, OPERATIONS & HR Executive Officers PDF p. 13
TOH KAI HOCK IT DIRECTOR; HEAD OF FLEET DEPARTMENT Executive Officers PDF p. 13

Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.

Shareholding statistics

Share capital & shareholders

Share capital

ItemValuePeriod / scopeSource
No of Issued Shares 1,505,767,572 shares Company · As at 2026-06-24 PDF p. 201
Class of Shares Ordinary shares Company · As at 2026-06-24 PDF p. 201
Voting Rights 1 vote for each ordinary share (excluding treasury shares and subsidiary holdings) Company · As at 2026-06-24 PDF p. 201

Treasury shares

ItemValuePeriod / scopeSource
Treasury shares and subsidiary holdings There are no treasury shares held by the Company or subsidiary holdings as at 24 June 2026. Company · As at 2026-06-24 PDF p. 201

Shareholding distribution

ItemValuePeriod / scopeSource
TOTAL 2,981 shareholders Total shareholders · As at 2026-06-24 PDF p. 201
1 - 99 50 shareholders; 1.68%; 569 shares; 0.00% Size band 1 - 99 · As at 2026-06-24 PDF p. 201
100 - 1,000 1,288 shareholders; 43.21%; 658,032 shares; 0.04% Size band 100 - 1,000 · As at 2026-06-24 PDF p. 201
1,001 - 10,000 677 shareholders; 22.71%; 2,777,946 shares; 0.18% Size band 1,001 - 10,000 · As at 2026-06-24 PDF p. 201
10,001 - 1,000,000 910 shareholders; 30.52%; 128,530,206 shares; 8.54% Size band 10,001 - 1,000,000 · As at 2026-06-24 PDF p. 201
1,000,001 AND ABOVE 56 shareholders; 1.88%; 1,373,800,819 shares; 91.24% Size band 1,000,001 and above · As at 2026-06-24 PDF p. 201

Free float

ItemValuePeriod / scopeSource
SHAREHOLDINGS HELD IN THE HAND OF PUBLIC SHAREHOLDERS approximately 27% Company · As at 2026-06-24 PDF p. 201
Rule 723 compliance statement At least 10% of the Company’s issued ordinary shares are held in the hands of the public at all times and the Company is in compliance with Rule 723 of the Listing Manual of the Singapore Exchange Securities Trading Limited. Company PDF p. 201

Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.

Related parties, people & properties

Other disclosures

Related party transactions

ItemValuePeriod / scopeSource
Interested person transactions No interested person transactions were entered into during FY2026. Group, FY2026 PDF p. 115
Significant related party transactions there were no other significant related party transactions Group, FY2026 and FY2025 PDF p. 185

Contingent liabilities

ItemValuePeriod / scopeSource
Corporate guarantees These borrowings amounted to S$1,226,000 as at 31 March 2025. Company, as at 31 March 2025 · As at 2025-03-31 PDF p. 192
Intra-group financial guarantees 1,226 S$'000 Company, 2025 comparative (carrying amount); contractual undiscounted cash flows 1,230, less than 1 year 1,230 · As at 2025-03-31 PDF p. 194

Director remuneration

ItemValuePeriod / scopeSource
Directors’ fees 230 S$'000 Group, FY2026 (2025: 230) PDF p. 183
Toh Choo Huat 1,657,801 S$ FY2026, Executive Chairman and CEO; mix Salary 50%, AWS 5%, Bonus 44%, CPF+SDL 1% PDF p. 101
Ragavendran 386,997 S$ FY2026; Srinivasan row continues on next line; mix Salary 66%, Bonus 23%, CPF+SDL 5%, Incentive 6% PDF p. 101
Reanne Toh 280,601 S$ FY2026; mix Salary 60%, Bonus 21%, CPF+SDL 11%, Incentive 8% PDF p. 101

Employees

ItemValuePeriod / scopeSource
Total number of employees 1,080 Number Group, FY2026 (FY2025: 941) PDF p. 66

Properties

ItemValuePeriod / scopeSource
Leasehold land I 9,370.0 sq m; Till 30 June 2027 2026; leasehold land for operational, office and storage premises in Singapore and Sri Lanka PDF p. 167
Leasehold land II 4,006.1 sq m; Till 31 May 2027 2026 PDF p. 167
Leasehold land III 5,437.9 sq m; Till 14 July 2027 2026 PDF p. 167
Leasehold land IV 5,457.0 sq m; Till 30 June 2026 2026 PDF p. 167
Leasehold land V 15,255.7 sq m; Till 30 December 2026 2026 PDF p. 167

Outlook

ItemValuePeriod / scopeSource
BUSINESS OUTLOOK environment sector remains positive. Executive Chairman's statement, FY2026 PDF p. 4

Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.

Source: Annual Report 2026 ↗

Corporate information

Registration & contacts

Incorporated In
SINGAPORE
Incorporated On
06 Feb 1987
Telephone
65 67570900
Fax
65 67570100
Registered Office
No.3 Sungei Kadut Drive
Singapore 729556
Secretary
Ong Beng Hong
Tan Swee Gek
Registrar / Transfer Agent
ASCENTIUM CORPORATE SERVICES PTE. LTD.
Registrar Address
36 Robinson Road, #20-01 City House, Singapore 068877
Auditors
FOO KON TAN LLP
Other Stock Exchange Listings
*SINGAPORE EXCHANGE LTD.
Country
SINGAPORE
Security Type
stocks