Willowglen bags RM16m system solutions contract

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KUALA LUMPUR (July 17): Willowglen MSC Bhd's unit has been awarded a contract worth about RM16.28 million by Sapura Rail Systems Sdn Bhd to provide supervisory control and data acquisition (SCADA).

In a filing with Bursa Malaysia today, Willowglen said the contract was awarded to its wholly-owned Willowglen (Malaysia) Sdn Bhd.

The job involves the design, manufacture, supply, delivery, installation, testing and commissioning of the system solution.

The contract commenced on July 15 and will be completed on Nov 30, 2023.

Willowglen shares closed 1.5 sen or 3.03% higher at 51 sen today, giving it a market capitalisation of RM247.75  million. The stock has gained 59% from its low of 32 sen on March 19.