| WILLOWGLEN MSC BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description |
NEW CONTRACTS AWARDED |
|
The Board of Directors of Willowglen MSC Berhad (“the Company”) is pleased to announce that the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded the following contracts on 16 August 2021:
1) A contract valued equivalent to approximately RM16,700,000 by China Communications Construction Company Limited (Singapore Branch) for the Design, Supply, Install, Testing and Commissioning of Security System for Proposed Development of Intra Airside Road Connection, Second Parallel Taxiway and Fire Station No. 2 for Changi East at Singapore Changi Airport.
The commencement date of the contract is on 24 August 2021 and will be completed by 17 September 2024. The contract is expected to contribute positively to the Group’s earnings and net assets per share for the financial years ending 31 December 2021 to 2024.
2) A term contract valued equivalent to approximately RM7,660,000 by SP PowerAssets Limited, Singapore for the Supply and Delivery of Sub-station Intrusion Detection System (SSIDS) Devices and Removal and Disposal Works.
The commencement date of the contract is on 16 August 2021 and will be completed by 15 August 2026. The contract is expected to contribute positively to the Group’s earnings and net assets per share for the financial years ending 31 December 2021 to 2026.
The contracts are not renewable and the risks in respect of the contracts are the normal business risks.
None of the directors and/or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the new contracts awarded.
This announcement is dated 17 August 2021. |
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Announcement Info
| Company Name | WILLOWGLEN MSC BERHAD |
| Stock Name | WILLOW |
| Date Announced | 17 Aug 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17082021-00045 |