OTHERSNEW CONTRACTS AWARDED
WILLOWGLEN MSC BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | NEW CONTRACTS AWARDED |
On behalf of the Board of Directors of
Willowglen MSC Berhad (“the Company”), we are pleased to announce that
the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has
been awarded the following contracts on 18 March 2013:
1) Contracts
valued equivalent to about RM8,570,000 for the Supply &
Installation of Lift Surveillance System (LSS) to 1,148 Numbers of
Existing Lifts.
The commencement date of the contracts is on 1 April 2013 and will be completed by 30 November 2013. The
contracts are expected to contribute to the Group’s earnings and net
assets per share for the financial year ending 31 December 2013.
2) A contract valued equivalent to about RM6,720,000 for the Replacement of Remote Terminal Units (RTU) at 6.6KV Substations.
The commencement date of the contract is on 1 April 2013 and will be completed by 31 March 2017. The
contract is expected to contribute to the Group’s earnings and net
assets per share for the financial years ending 31 December 2013 to
2016.
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 the said directors and / or major shareholders have any
interest, direct or indirect in the new contracts awarded.
This announcement is dated 20 March 2013. |