The Board of Directors of Willowglen MSC Berhad (“the Company”) is pleased to announce that on 1 August 2022, the Company’s wholly-owned subsidiary, Willowglen (Malaysia) Sdn. Bhd. has been awarded a contract valued at approximately RM19,310,000 by TRX City Sdn. Bhd. for the Design, Supply, Delivery, Installation, Configuration, Testing and Commissioning of TRX Integrated Management System.
The commencement date of the contract is on 16 August 2022 and will be completed by 15 November 2023.
The contract is expected to contribute positively to the Group’s earnings and net assets per share for the financial years ending 31 December 2022 and 2023.
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 August 2022.