Willowglen awarded RM139.36m Gemas-JB electrified double track job

PETALING JAYA: Willowglen MSC Bhd has bagged a RM139.36 million contract for the Gemas-Johor Baru electrified double track project.
The group told Bursa Malaysia that its wholly owned subsidiary Willowglen (Malaysia) Sdn Bhd has been awarded the contract by Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd for the design, construction, supply, installation, completion, testing, commissioning and maintenance of the communication systems for the project.
The commencement date of the contract is on October 5, 2018 and will be completed by April 1, 2021.
Willowglen expects the contract to contribute positively to its earnings and net assets per share for the financial years ending December 31, 2018 to 2021.
Its shares closed 5.6% higher at 56.5 sen on 451,200 shares done.