CFA Society Singapore
SINGAPORE (Nov 8): King Wan Corp has secured new mechanical and electrical contracts worth $19 million.
These contracts include the design, supply and installation of air-conditioning, ventilation and building management systems for Selarang Park Complex, and plumbing and sanitary systems installation for Clement Canopy, a residential project. Both projects are scheduled for completion by 2019.
“The current order book of S$163 million has provided high revenue visibility for the Group till the year 2019,” says Chua Eng Eng, managing director, King Wan.
“King Wan shall stay committed to grow the Group’s M&E business and invest when good business opportunities arise,” she adds.
Shares in King Wan closed up 1 cent at 18 cents on Tuesday.