ANNOUNCEMENTS

OTHERS NEW CONTRACTS AWARDED

May 25, 2017

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 on 24 May 2017, the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded the following contracts :

•    A contract from SP PowerAssets Limited, Singapore valued equivalent to about RM9,859,000 for the Partial Discharge Monitoring System Replacement.
The commencement date of the contract is on 22 May 2017, and will be completed by 30 June 2019.  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 2019.

•    A contract from PowerGas Limited, Singapore valued equivalent to about RM9,226,000 for the maintenance of PowerGas Supervisory Control And Data Acquisition (“SCADA”) System.
The commencement date of the contract is on 23 May 2017, and will be completed by 22 May 2021.  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 2021.


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 25 May 2017.

 





Announcement Info

Company Name WILLOWGLEN MSC BERHAD
Stock Name WILLOW
Date Announced 25 May 2017
Category General Announcement for PLC
Reference Number GA1-25052017-00008

 

 
Willowglen (Malaysia) Sdn. Bhd. (Company No. 351570-A). No 17, Jalan 2/149B, Taman Sri Endah, Bandar Baru Sri Petaling, 57000, Kuala Lumpur, Malaysia.
Tel: (603) 90571228 Fax: (603) 90571218

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