SINGAPORE: Koh Brothers Eco Engineering plans to spin-off its 80%-held indirect subsidiary Oiltek Sdn Bhd, for its separate listing on either Catalist or Malaysia’s ACE Market, the company announced on Thursday (Jan 23).

The separate listing will also include Oiltek Nova, a subsidiary of Oiltek. These companies are in the business of building edible oil refining plants, with contracts delivered across 32 countries including Malaysia, its main operating market.

On Jan 23, Koh Brothers Eco Engineering reported full year earnings of S$5.7 million, a slight improvement from S$5.6 million made in the year earlier. For the same Dec 31, 2019 (FY19) period, the company recorded a revenue of...(click on link for full story on theedgesingapore.com)