Willowglen MSC Bhd, through its wholly owned subsidiary Willowglen Services Pte Ltd, has been awarded a RM79.2 million contract by Singapore’s Public Utilities Board for the supply, design, installation, and commissioning of supervisory control and data acquisition and telemetry systems, alongside construction and maintenance services.
KUALA LUMPUR (Dec 2): Willowglen MSC Bhd (KL:WILLOW) has clinched a RM79.2 million contract from Singapore’s Public Utilities Board (PUB).
According to its bourse filing on Monday, the contract was awarded to its wholly owned subsidiary Willowglen Services Pte Ltd. It involves the supply, design, installation, and commissioning of supervisory control and data acquisition (SCADA) and telemetry systems, alongside construction and maintenance services.
Set to commence on Dec 23, 2024 and conclude on June 22, 2032, this eight-year contract is expected to deliver steady revenue growth and strengthen Willowglen’s financial position, contributing positively to earnings in 2025 to 2032.
Willowglen noted that the contract is non-renewable and falls within the scope of normal business risks.
At market close, Willowglen’s share price was up half a sen or 1.72% at 29.5 sen, valuing the company at RM146.45 million.
- Subang’s turbulence: Malaysia’s airport expansion faces market realities
- Intel jumps 10%, as investors cheer appointment of new Malaysian-born CEO Tan
- UWC's 2Q net profit more than doubles on semiconductor industry's strong recovery
- Apollo Food 3Q net profit drops 66% on lower margin, absence of one-off gains
- Trump threatens 200% wine tariff if EU does not relent on whiskey
- Putin backs US ceasefire idea for Ukraine, but says many details need to be sorted out
- Democrats in standoff with GOP as US shutdown deadline nears
- Vocational college murder case: Third accused says did not see victim steal money
- Anglo American plans fresh job cuts at corporate office under restructuring
- Ontario fund hires Alexander Fraser as its global head of private equity