The Board of Directors of Willowglen MSC Berhad (“the Company”) is pleased to announce that on 8 May 2017, the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded a contract valued equivalent to approximately RM5,187,000 by Surbana Technologies Pte Ltd for the Installation and Maintenance Support for Remote Terminal Unit and CCTV System.
The commencement date of the contract is on 8 May 2017 and will be completed by 22 August 2022. The contract is expected to contribute positively to the Group’s earnings and net assets per share for the financial years ending 31 December 2017 to 2022.
The contract is not renewable and the risk in respect of the contract is 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 contract awarded.
This announcement is dated 9 May 2017.