Willowglen wins another Singapore contract for RM41.55m

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KUALA LUMPUR (July 16): WIllowglen MSC Bhd said it has secured a three-year contract worth about RM41.55 million from Singapore’s Public Utilities Board for the Security System and Facility Enhancement at various PUB Waterworks and Desalination Plants.

The contract will span from July 26, 2021 to July 25, 2024, the company said. “The contract is not renewable and the risks in respect of the contract are the normal business risks,” Willowglen said.

This is the fourth contract won in Singapore by the company since April, bringing its total contract wins in these three months to RM74.34 million.

Shares of Willowglen rose half a sen or 1.19% to 42.5 sen, valuing the group at RM208.29 million.