Specialist relocater Chasen Holdings said on Tuesday that it won four new contracts worth $10.6 million in its third quarter ended Dec 31.

The largest contract, valued at about $7.4 million, is to relocate a Korean company's manufacturing plant and warehouse management services to Guangzhou, China.

Separately, the company also said it will set up a new facility to provide one-stop services to original equipment manufacturers.

Mr Low Weng Fatt, managing director and chief executive, said that the new centre is a niche business and service which will add to the company's portfolio of integrated services.

Chasen shares closed down 0.3 cent or 1.71 per cent to 17.2 cents.