Willowglen awarded RM12 mil traffic control contract

WILLOWGLEN MSC Bhd has been awarded a contract worth RM12 mil from Ekovest Construction Sdn Bhd for a traffic control and surveillance system.

The non-renewable contract was awarded to Willowglen’s wholly-owned subsidiary Willowglen (Malaysia) Sdn Bhd, and is for the supply, delivery, installation, testing and commissioning of the system.

The contract’s commencement date was July 1, with the project expected to be completed by March 31, 2021.

Willowglen, via a bourse filing dated July 30, expects this project to contribute positively to the group’s earnings and net assets per share for the financial years ending Dec 31, 2020, and 2021.

At the end of the trading day, Willowglen’s shares were at 47.5 sen, down a sen, with 673,000 shares traded. – July 30, 2020

Share on facebook
Share on twitter
Share on whatsapp
Share on email

Subscribe and get top news delivered to your Inbox everyday for FREE