The Board of Directors of Willowglen MSC Berhad (“the Company”) is pleased to announce that on 1 December 2023, the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded a contract valued equivalent to approximately RM12,750,000 by SP PowerAssets Limited, Singapore for the Installation and Maintenance of Substation Intrusion Detection System for a period of 3 years.

The commencement date of the contract is on 1 December 2023 and will be completed by 31 December 2026.

The contract is expected to contribute positively to the Group’s earnings and net assets per share for the financial years ending 31 December 2024 to 2026.

The contract is not renewable and the risks in respect of the contract 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 contract awarded. 

This announcement is dated 1 December 2023.