Saturday 27 Apr 2024
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KUALA LUMPUR (Sept 21): Willowglen MSC Bhd has won an intruder detection system contract from SP PowerAssets Ltd, valued at RM10.04 million.

In a filing with Bursa Malaysia today, the computer-based control systems provider said it secured the job via its wholly-owned subsidiary Willowglen Services Pte Ltd.

The contract was for the supply, installation and maintenance of intruder detection system for SP PowerAssets.

The contract, which is non-renewable, shall commence today and be completed by Sept 20, 2018.

Willowglen expects the contract to contribute positively to its earnings for the financial years ending Dec 31, 2017 (FY17) and FY18.

Last Wednesday, Willowglen (Sept 14) announced it was teaming up with a Secura Group Ltd, a Singapore Exchange Catalist Board listed entity to expand its current range of security solutions, systems and services.

Under the agreement, both companies would incorporate a joint venture company (JV Co) known as Secura Malaysia Sdn Bhd, with each company holding 50% stake in the JV Co.

Shares in Willowglen closed down 0.5 sen or 0.77% at 64.5 sen today, for a market value of RM156.95 million.

 

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