Yau Lee has HK$3 bln contracts in hand

Wong Ip Kuen, chairman of Yau Lee Holdings (0406), said the company now had on hand contracts valued over HK$3 bln. Despite the government adopting the bidding policy that the low price provider obtained the contracts, no impact was expected to pose on the group. Furthermore, the company was estimated to finish 70% contracts in hand, said Mr Wong, adding that the company would receive a new contract valued about HK$600 mln.

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