The Board of Directors of Willowglen MSC Berhad (“the Company”) is pleased to announce that on 22 April 2021, the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded a contract valued equivalent to approximately RM7,840,000 by PowerGas Ltd, Singapore for the Maintenance Contract for Gas SCADA System.

Pursuant to the terms of the contract, the commencement date of the contract is on 23 March 2021 and will be completed by 22 March 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 2021 to 2025.

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 22 April 2021.