Stock News: Tee Int secured 8 contracts worthed 15.52 mln!

Tee International Ltd said its units have secured eight contracts with a combined value of about 15.52 mln sgd. It said unit PBT Engineering Pte Ltd won the largest deal worth 11.33 mln sgd from SMRT Corp, while Trans Equatorial Engineering Pte Ltd was awarded four projects worth a total 3.39 mln sgd from various companies. Its other units Security Pro-Telco, Multi AMP Engineering Sdn Bhd and Nexfrontier Solutions Pte Ltd have also won one contract each valued at 243, 626 sgd in total. The new contracts bring to 57.25 mln sgd the value of outstanding orders for Tee's units here and in Malaysia. Tee said these orders will be recognized in the company's earnings for the year to May 2007.