More contract wins in the pipeline after Libra clinches BCA grading upgrade

It’s now qualified for an unlimited amount of public projects.

Libra Group has announced that its wholly-owned subsidiary Kin Xin Engineering had clinched an upgrade in its BCA grading from the L5 category to the L6 category for air conditioning, refrigeration and ventilation works.

According to OCBC, the upgrade will allow Kin Xin to tender for an unlimited amount of public government projects. Prior to this, an L5 status had constrained them to a tendering limit of $14m.

“We also keep in mind that its main contract business will likely receive a license upgrade from a C2 to B1 status (tender limit increase from S$1.4m to S$40m) in the latter half of this year. We are keeping our fair value estimate at S$0.33 for now, while we expect upside from more contract wins,” stated OCBC.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia