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Penta-Ocean to invest in Singapore s Koh Brothers Eco Engineering

Penta-Ocean to invest in Singapore s Koh Brothers Eco Engineering March 17, 2021 (Mainichi Japan) This undated photo shows Marina Barrage in Singapore s bay area. Koh Brothers Building and Civil Engineering Contractor Pte. Ltd. was engaged in the project for the freshwater reservoir that opened in 2008. (Photo courtesy of Koh Brothers Eco Engineering/NNA/Kyodo) SINGAPORE (NNA/Kyodo) Japanese marine contractor Penta-Ocean Construction Co. will invest S$38.07 million (US$28 million) in industry peer Koh Brothers Eco Engineering Ltd. to strengthen its business in Singapore. Penta-Ocean will purchase all 810 million new shares to be issued by Ko Brothers Eco Engineering through third-party allotment, with the acquisition date set for May 28, the Tokyo-based company said in press release on Monday.

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